Warning: be cautious if you are thinking of participating in a gifting tax shelter scheme Although the Canada Revenue Agency (CRA) regularly issues warnings and has reassessed thousands of participants, some taxpayers are still participating in gifting tax shelter schemes…. {Read more}
Tag: small business
Cutting through the red tape
Small &medium-sized business owners consulted on cutting red tape November 21, 2014 Delta, British Columbia Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue was in Delta, British Columbia, today to speak with local business owners… {Read more}
CRA aim to simplify disability tax credit application process
Harper Government launches consultations on the Disability Tax Credit and aims to establish maximum promoters’ fees Engagement results will help the CRA to simplify the DTC application process and ensure persons with disabilities are protected from excessive fees November 4,… {Read more}
Your community free tax clinics
Run tax clinics in your community organization Have you heard of the Community Volunteer Income Tax Program (CVITP)? Every year, the Canada Revenue Agency (CRA) supports local community organizations and their volunteers as they help Canadians prepare and file tax… {Read more}
Your students and Canada’s Tax System
Teaching taxes to students is as easy as 1, 2, 3 Did you know? The Canada Revenue Agency (CRA) has free tax and financial literacy learning resources to help educators teach their students about taxes. Teaching Taxes and Responsible Citizenship… {Read more}
Maximum pensionable earning 2015
Canada Revenue Agency announces maximum pensionable earnings for 2015 November 3, 2014 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2015 will be… {Read more}
Jobs and growth with balanced budgets
Harper Government Creating Jobs and Growth While Returning to Balanced Budgets With Economic Action Plan 2014 Act, No. 2 October 23, 2014 – Ottawa, Ontario – Department of Finance Finance Minister Joe Oliver today introduced the Economic Action Plan 2014… {Read more}
Children’s fitness tax credit
Doubling the Children’s Fitness Tax Credit The Government will double the Children’s Fitness Tax Credit (CFTC) and make it refundable to further help families making the choice to put their children in fitness activities. Making the tax credit refundable will… {Read more}
New for 2015 child care expenses
Child Care Expense Deduction Increase for 2015 The government proposes to increase the maximum amount of the child care expense deduction by $1,000 per child, as follows: From $7,000 to $8,000 for each child under age 7 From $4,000 to… {Read more}
New changes to Universal Child Care Benefit
Universal Child Care Benefit (UCCB) Enhanced for 2015 The government proposes to increase the monthly UCCB for children under 6 from $100 to $160, and proposes to introduce a $60 per month benefit for children age 6 to 17. This… {Read more}