By Liz O'Dowd on July 3, 2013 
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If you are a business owner whose products require shipping, whether or not to charge a fee can be a tricky decision. Although free shipping is a consumers’ dream, it can have financial drawbacks for you. Before diving in, you… {Read more}
By Liz O'Dowd on June 20, 2013 Leave a comment
Jim Flaherty, Minister of Finance, on June 10, 2013, welcomed the passage of Bill C-60, the Economic Action Plan 2013 Act, No. 1, by the House of Commons. “We are one step closer to implementing measures that will build on our… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
On June 10, 2013 in Ottawa, Ontario, Gail Shea, Minister of National Revenue and Minister for the Atlantic Canada Opportunities Agency, announced today that the Canada Revenue Agency (CRA) has received information from international allies that relates to persons resident… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
Lisa Raitt, Minister of Labour, accompanied by Rick Norlock, for Northumberland—Quinte West, attended a children’s dance competition today at the Cobourg Highland Games to promote the Children’s Arts and Fitness Tax Credits. Minister Raitt highlighted that the Children’s Fitness Tax… {Read more}
By Liz O'Dowd on June 10, 2013 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 10, 2013 Leave a comment
Self-employed Canadians are able to voluntarily access Employment Insurance (EI) special benefits. There are four types of EI special benefits: Maternity benefits (15 weeks maximum) available to birth mothers. It covers the periods surrounding birth. A claim can be submitted… {Read more}
By Liz O'Dowd on May 2, 2013 Leave a comment
The following changes will be phased in gradually between 2011 and 2016. The first major change occurred in January 2011 for people retiring after age 65: Your monthly CPP retirement pension amount will increase by a larger percentage if you… {Read more}
By Liz O'Dowd on May 2, 2013 Leave a comment
When deciding as to whether a salary should be paid to a family member, or more specifically to one’s spouse, numerous questions arise. On one side, there is the question of the risk involved that the salary may be unreasonable… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
Wages paid to some shareholders and family members are not insurable, and these employees cannot collect employment insurance benefits. a. You may not have to pay EI premiums for employed family members. The Employment Insurance Act S. 5(2)(i) states that… {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}