By Liz O'Dowd on May 30, 2012 
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“Canada’s economic fundamentals are strong and our international commitments are on track in terms of reducing our deficits and returning to fiscal balance in the medium term,” said Minister Menzies. “Internationally, Canada has been a central player in promoting strong,… {Read more}
By Liz O'Dowd on May 30, 2012 Leave a comment
Since 2011, self-employed Canadians have been 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… {Read more}
By Liz O'Dowd on May 24, 2012 Leave a comment
Being informed is your best protection against fraud. Always remember to protect your personal information and that if it sounds too good to be true, it probably is. Some things to remember… If you’re not sure about the authenticity of… {Read more}
By Liz O'Dowd on May 24, 2012 Leave a comment
The Canada Revenue Agency (CRA) recently concluded its review and has determined that refunds or rebates will not be withheld from tax-exempt incorporated municipalities, universities, schools, hospitals (MUSH), non-profit organizations (NPOs), federal crown corporations, and Indian band councils when they… {Read more}
By Liz O'Dowd on May 24, 2012 Leave a comment
Did you know? Even if you missed the April 30 filing deadline, there are still many reasons why you should file your 2011 income tax and benefit return as soon as possible. Why is it important to file as soon… {Read more}
By Liz O'Dowd on May 23, 2012 Leave a comment
The 2011 federal budget created a hiring credit for small business (HCSB), a credit intended to stimulate new employment and support small businesses. The latest federal budget proposes to extend the HCSB for 2012. The HCSB gives small businesses relief… {Read more}
By Liz O'Dowd on May 15, 2012 Leave a comment
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}
By Liz O'Dowd on May 15, 2012 Leave a comment
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}
By Liz O'Dowd on May 15, 2012 Leave a comment
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}
By Liz O'Dowd on May 15, 2012 Leave a comment
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}