Business owners can now change the mailing, physical, and books and records address of their business by using the “Manage address” service. This service is available to business owners only. However, representatives will continue to have access to the “View… {Read more}
Tag: family
Mandatory Internet Filing penalty for Corporation income tax returns
Corporations with annual gross revenue of more than $1 million will be required to Internet file their corporation income tax returns for tax years ending after 2009. Corporations that are exempt from mandatory Internet filing are: insurance corporations non-resident corporations… {Read more}
RRSP Home Buyer’s Plan
The Home Buyer’s Plan (HBP) allows you to borrow funds from your RRSP to buy or build a qualifying home, if: You or your spouse or common-law partner have not owned a home which you occupied as your principal residence… {Read more}
Ontario Co-operative Education Tax Credit
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}
CRA Proposing Mandatory E-Filing Requirements after 2012
A surprise measure was introduced in the 2012 federal budget legislation (Bill C-38), a mandatory e-file requirement, which will be effective for 2012 income returns filed after December 31, 2012. The proposal will impact tax preparers engaged to prepare more… {Read more}
Salaries Paid to Family Members
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}
Estate Planning
You should have a will that includes
The Running Stitch
The Running Stitch was chosen by the publishers of The Quilt Sampler as one of the 11 Top Quilting Stores in North America.
Kumon Kanata South
Kumon is an after-school math and reading program that employs a unique learning method designed to help each child develop the skills needed to perform to his or her full potential. It is also the largest and most established program of its kind in the world.. Kanata South Kumon Center offers the Kumon curriculum while providing a welcoming, warm, safe and stimulating after school learning environment.
New Family Health Teams Increasing Access to Care
Ontario is creating 30 new Family Health Teams across the province to provide
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