A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits.
Registered Educational Savings Plan (RESP)
By admin on February 19, 2010 
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Tag: convenient
Keep The Invoices
By admin on February 19, 2010 Leave a comment
Improper input tax credit (ITC) documentation is one of the main reasons for GST/HST reassessments. Proper invoices to support ITCs are required by Canada Revenue Agency auditors. For example, the input tax credit may be disallowed if only the credit… {Read more}
Employer-Paid Disability Premiums
By admin on February 19, 2010 Leave a comment
If you think that paying for your employee’s disability premiums is always a good thing, think again.
Homeowners – claim your credits!
By admin on February 3, 2010 Leave a comment
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)?
By admin on February 3, 2010 Leave a comment
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
By admin on February 3, 2010 Leave a comment
Beginning in January 2011, self-employed Canadians will be able to access Employment Insurance (EI) special benefits.
2010 Automobile Deduction Limits and Expense Benefit Rates for Business
By admin on February 3, 2010 Leave a comment
The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000 (plus applicable federal and provincial sales taxes) for pur-chases after 2002.
2010 Tax System Indexation
By admin on February 3, 2010 Leave a comment
On January 1, 2010, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 0.6%.
Canada Pension Plan Financially Sound
By admin on February 3, 2010 Leave a comment
The Government of Canada announced that the Canada Pension Plan (CPP) is financially sound at least for the next 75 years at the currently legislated 9.9% contribution rate.
Employment Insurance (EI) for the self-employed
By admin on January 21, 2010 Leave a comment
Do you know that starting January 2010, self-employed people can pay EI premiums on a voluntary basis, and qualify to receive certain EI benefits