By Liz O'Dowd on May 15, 2012 
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The co-operative education credit (CETC) is a refundable tax credit that is eligible to claim a percentage of expenses incurred by a corporation for qualifying work placement programs. The maximum credit amount for each qualifying work placement is $1000 for… {Read more}
By Liz O'Dowd on May 11, 2012 Leave a comment
If you run your own business or you are self-employed, you may be tempted to report only part of your income to the tax authorities. Or you might consider suppressing information about your activities. If you are audited by the… {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}
By Liz O'Dowd on March 7, 2012 Leave a comment
The Canada Learning Bond (CLB) is part of the Canadian RESP program. Actually the CLB is a grant. The big difference between this grant and the regular RESP grants is that no contribution is required. Once you qualify, you apply,… {Read more}
By admin on January 10, 2012 Leave a comment
Padgett Ottawa is relocating
By admin on January 10, 2012 Leave a comment
Padgett Business Services® was recently nominated for
By Peter Kupovics on January 9, 2012 Leave a comment
Canada Revenue Agency (CRA) expects employers