By Liz O'Dowd on August 30, 2012 
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[ws_table id=”8″] The rate for the tax credit first $200 of donations is the lowest personal tax rate, except for Quebec. The rate for the tax credit for donations in excess of $200 is the highest personal tax rate, except… {Read more}
By Liz O'Dowd on August 13, 2012 Leave a comment
The CRA’s online services make it faster and easier to handle your company’s tax matters. You, your employee, or your representative can file, pay, and access detailed information about your tax accounts–all online, all at your fingertips. To view all… {Read more}
By Liz O'Dowd on August 13, 2012 Leave a comment
The Pooled Registered Pension Plans Act (“the Act”), implements the federal portion of the framework for the establishment and administration of PRPPs. PRPPs will be professionally administered defined contribution pension plans targeted to employees and self-employed persons who do not… {Read more}
By Liz O'Dowd on August 13, 2012 Leave a comment
The Canada Revenue Agency (CRA) warns all Canadians to beware of telephone calls, mail, or email that claim to be from the CRA but are not. These are phishing scams that could result in identity thefts. Email scams may also… {Read more}
By Liz O'Dowd on August 9, 2012 Leave a comment
Charities play a very important role in Canadian society. As a donor, it is important to be informed and make wise decisions about your donations. Unfortunately, there are people who pretend to raise money for charity but keep the donations… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
During your summer vacation this year, will you be visiting any of Canada’cities, national parks, or world-class tourist destinations, or will you be enjoying the simple pleasure of lounging by the local pool? Wherever your summer vacation takes you, make… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
The most common deductions that apply to students are moving expenses and child care expenses. Moving Expenses You can deduct moving expenses if you move to attend courses as a full-time student or if you moved to start a new… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
A tax return must be filed if you have to pay income taxes. A tax return must also be filed if you have not repaid all amounts withdrawn from your RRSP under the Home Buyers’ Plan or the Lifelong Learning… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
Wages paid to some shareholders and family members are not insurable, and these employees cannot collect employment insurance benefits. a. You may not have to pay EI premiums for employed family members. The Employment Insurance Act S. 5(2)(i) states that… {Read more}
By Liz O'Dowd on July 27, 2012 Leave a comment
The Department of Finance released two sets of draft legislative proposals to strengthen and create greater fairness in Canada’s tax system. The first set of proposals would implement measures announced on July 20, 2011 relating to the taxation of specified… {Read more}