By Peter Kupovics on April 2, 2014 
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As of January 1, 2014 the EHT exemption increased to $450,000 from $400,000 of Ontario payroll, saving eligible employers up to $975 every year. This means that over 60,000 private sector employers in Ontario pay less EHT, including more than 12,000 employers that no longer pay the… {Read more}
By Peter Kupovics on March 28, 2014 Leave a comment
One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as van, bus, pickup truck, station wagon, SUV or other truck). Many individuals use their automobile for work or business and incur… {Read more}
By Peter Kupovics on March 27, 2014 Leave a comment
The Canada Revenue Agency (CRA) offers online payment methods that make paying taxes as easy as paying your hydro or phone bill. Payment methods There are several ways to make a payment to the CRA. Online banking: Use your financial… {Read more}
By Peter Kupovics on March 26, 2014 Leave a comment
Did you know? If you have a dependant with a physical or mental impairment, you could be eligible to claim up to an additional $2,040 in certain non-refundable tax credits. Important facts The family caregiver amount (FCA) helps Canadians with… {Read more}
By Peter Kupovics on March 25, 2014 Leave a comment
You must file a return for 2013 if any of the following situations apply: You have to pay tax for 2013 We sent you a request to file a return You and your spouse or common-law partner elected to split… {Read more}
By Peter Kupovics on March 24, 2014 Leave a comment
Canadians file more than 26 million individual income tax and benefit returns each year, and all are electronically analyzed. Based on this analysis, CRA selects certain returns for review because they are high risk. Other returns are selected based on… {Read more}
By Peter Kupovics on March 22, 2014 Leave a comment
Did you know? If you bought a home in 2013, the Canada Revenue Agency (CRA) has a tax credit and a plan that may help you save on this purchase. First-time home buyers’ tax credit If you are a first-time… {Read more}
By Peter Kupovics on March 20, 2014 Leave a comment
Did you know? You can file your taxes online for free. Many people think that filing online is expensive because it requires using certified tax preparation software. The Canada Revenue Agency (CRA) has a list of CRA-certified commercial tax preparation… {Read more}
By Peter Kupovics on March 20, 2014 Leave a comment
Did you know? If you are an employed tradesperson, you may be able to deduct up to $500 of the cost of eligible tools you bought in 2013. You may also be able to get a rebate of the Goods… {Read more}
By Peter Kupovics on March 19, 2014 Leave a comment
Did you know? For some, filling out a tax return can be a challenge. Wouldn’t it be great to have a helping hand? Good news — if you are unable to prepare your own income tax and benefit return, you… {Read more}