By Liz O'Dowd on June 26, 2012 
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You should plan ahead so that you are prepared to file your tax return next yearwithout too much difficulty.One of the most important things to do during the year is to store all tax-related documents in one place. If you… {Read more}
By Liz O'Dowd on June 26, 2012 Leave a comment
The CRA guide T4060 outlines individual taxpayers’ rights for objection and appeal including: 1) It is your right to object to an assessment or reassessment if you think the law has been applied incorrectly. You must file your objection within… {Read more}
By Liz O'Dowd on June 26, 2012 Leave a comment
The CRA guide T4060 outlines individual taxpayers’ rights and obligations when they have personal taxes owing to the Government of Canada including: 1.) If balances are not paid within 30 days of the date of when a notice of assessment… {Read more}
By Liz O'Dowd on June 7, 2012 Leave a comment
The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It ensures a measure of protection to a contributor and his or her family caused by the loss of income due to retirement, disability and death. There are… {Read more}
By Liz O'Dowd on June 4, 2012 Leave a comment
Padgett Business Services is proud to announce that Emilie Jerome has joined us as a summer student. Emilie just completed her first year at McGill University in Montreal. She is entering her second year this fall and is working towards… {Read more}
By Liz O'Dowd on June 4, 2012 Leave a comment
Some provinces allow the “unlocking” of all or a portion of a LIRA, LIF or LRIF under certain circumstances. Some of the circumstances include: small balances in the account, under a specified threshold amount becoming non-resident of Canada shortened life… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
The Home Buyer’s Plan (HBP) allows you to borrow funds from your RRSP to buy or build a qualifying home, under the following conditions: you or your spouse or common-law partner have not owned a home which you occupied as… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
The Family Caregiver Tax Credit will provide new tax support for caregivers of infirm dependent family members. This 15-per-cent non-refundable tax credit on an amount of $2,000 will provide tax relief for caregivers of all types of infirm dependent relatives,… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
The Group of Twenty (G-20) colleagues in Mexico City this weekend to take stock of progress being made on their shared commitment to strong, sustainable and balanced global growth. This will be the first meeting of Finance Ministers and Central… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
Ottawa, Ontario, March 14, 2012… The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates… {Read more}