The McGuinty government remains focused on jobs and the economy. Despite uncertainty around the world, Ontario’s real Gross Domestic Product (GDP) rose 0.7 per cent (2.7 per cent annualized) in the third quarter (July to September 2011). Provincial GDP has… {Read more}
Tag: ottawa
CRA announces maximum pensionable earnings for 2012
The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2012 will be $50,100—up from $48,300 in 2011. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages… {Read more}
Guaranteed Income Supplement for Seniors
The Federal Guaranteed Income Supplement (GIS) is available to low-income seniors living in Canada, who are receiving (or are eligible to receive) the Old Age Security Pension (OAS). An application must be filed to receive this supplement – it is… {Read more}
Harper Government Highlights Tax Relief for 2012
The Harper Government today highlighted the following important tax changes taking effect in 2012: The final stage of the tax reduction plan introduced by the Harper Government in 2007 comes into force on January 1, 2012, when the federal general corporate income… {Read more}
Save More in 2012 With the Tax-Free Savings Account
Canadians will have a new $5,000 of room to invest in their Tax-Free Savings Account (TFSA). “TFSAs will continue to enable Canadians to more easily meet their savings goals by allowing them to earn investment income absolutely tax-free,” said Minister… {Read more}
Annual Tax Expenditures & Evaluations Report
This report provides estimates and projections of the revenue impacts of federal tax measures designed to support the economic and social priorities of the Government of Canada. The publication reflects tax relief measures from the Next Phase of Canada’s Economic… {Read more}
We’re Moving
Padgett Ottawa is relocating
Padgett Nominated for Professional Services Business of the Year
Padgett Business Services® was recently nominated for
Form T2200 – Declaration of Conditions of Employment
Canada Revenue Agency (CRA) expects employers
Remitting GST/HST on Taxable Benefits
Did you know that GST/HST must be remitted on a
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