The Canada Revenue Agency (CRA) announced on December 3, 2009 the prescribed annual interest rates
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Tis the season for charitable giving
Announced today, the Honourable Jean-Pierre Blackburn, Minister of National Revenue
Other Tax Planning Issues
Consider some of the following tax planning strategies as part of you year end tax planning
Use Capital Losses
You can use your 2009 capital losses to reduce your current year’s income taxes by applying such losses against
$750,000 CAPITAL GAINS DEDUCTION
You can make use of the lifetime $750,000 capital gains deduction if you dispose of shares in a qualified small business corporation,
Eligible Deductions & Credits
If you pay the following expenses by December 31, 2009 they will be eligible for the deductions of credits
Contribute to Your RRSP
The most popular tax tool available to taxpayers is investing in a registered retirement saving plan
Vehicles Powered by Alternative Fuels
Did you know that if you purchase or lease a vehicle that operates on alternative fuels, you may qualify for a rebate?
Ontario Home Energy Savings Program
Chances are your home’s leaking energy. A lot of energy and a lot of money.
Eligible Expense For Taxpayer With Investments
Taxpayer with investments may be eligible to claim certain deductions which relate to carrying charges and interest expenses.
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