Tag: CRA

Estate Planning

By on November 1, 2013 Comment BubbleLeave a comment

Estate planners often suggest that the RRSP/RRIF holder designate a beneficiary of the plan. There are many advantages: Probate fees can be avoided because the funds transfer direct to the beneficiary. The funds are not exposed to the liabilities of… {Read more}

Per Diem Meal Allowance

By on October 25, 2013 Comment BubbleLeave a comment

In a recent Technical Interpretation, CRA noted that an employer-provided meal allowance will not be taxable where the following conditions are met: It must be a reasonable amount; The allowance is received to cover expenses while travelling away from the… {Read more}

Free Small Business Software

By on October 25, 2013 Comment BubbleLeave a comment

Balancing the books isn’t always easy.  Business owners understand the importance of keeping records up-to-date. Unfortunately, paperwork has a habit of piling up – quickly PADGETT BUSINESS SERVICES now offers a solution PADGETT CONNECT PADGETT CONNECT is an easy-to-use business… {Read more}

Back to School Tax Tip #3

By on August 1, 2013 Comment BubbleLeave a comment

                Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the… {Read more}

Back to School Tax Tip #4

By on August 1, 2013 Comment BubbleLeave a comment

Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Transferable Credits The student has… {Read more}