Important Information for Employers The Government of Canada made some modifications
Tag: Payroll
Moving Expenses
If you move within Canada to start a new job or business, your moving expenses are
T4127, Payroll Deductions Formulas for Computer Programs (MC)
Do you know that the new Payroll Deductions Formulas for Computer Programs effective January 1, 2010 is now available on the CRA Web site.
2010 indexation adjustment for personal income tax and benefit amounts
Each year, certain personal income tax and benefit amounts are indexed to inflation
Interest rates for the first calendar quarter
The Canada Revenue Agency (CRA) announced on December 3, 2009 the prescribed annual interest rates
Tis the season for charitable giving
Announced today, the Honourable Jean-Pierre Blackburn, Minister of National Revenue
Other Tax Planning Issues
Consider some of the following tax planning strategies as part of you year end tax planning
Use Capital Losses
You can use your 2009 capital losses to reduce your current year’s income taxes by applying such losses against
$750,000 CAPITAL GAINS DEDUCTION
You can make use of the lifetime $750,000 capital gains deduction if you dispose of shares in a qualified small business corporation,
Vehicles Powered by Alternative Fuels
Did you know that if you purchase or lease a vehicle that operates on alternative fuels, you may qualify for a rebate?
Leave a comment