Did you know that the payments made to subcontractors for construction services must be reported to the Canada Revenue Agency (CRA) using a reporting system called the Contract Payment Reporting System.
Category: Tax Alerts
Ontario’s Tax Package
Ontario’s new comprehensive tax package includes the Harmonized Sales Tax (HST) and a number of
Northern residents deductions
Did you know… …that if you are a resident of a northern region, you may be able to get tax relief
Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP) calculator
The On-line Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP) calculator will help you decide which type of account is better for you.
Claiming Automobile Expenses
One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as van, bus, pickup truck, station wagon, SUV or other truck).
Registered Educational Savings Plan (RESP)
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits.
Employer-Paid Disability Premiums
If you think that paying for your employee’s disability premiums is always a good thing, think again.
Homeowners – claim your credits!
Do you know that from January until the end of March 2010, the Canada Revenue Agency (CRA) is issuing weekly tax tips.
What is the first-time home buyers’ tax credit (HBTC)?
The HBTC is a non-refundable tax credit for certain homebuyers who acquire a qualifying home after January 27, 2009, that is – closing after this date.
Employment Insurance Benefits for Self-Employed People
Beginning in January 2011, self-employed Canadians will be able to access Employment Insurance (EI) special benefits.