By Liz O'Dowd on November 5, 2015 
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Federal, Provincial and Territorial Non-Refundable Personal Tax Credit Tables 2016 Personal Tax Credit Tables Do you know your personal tax credit tables? A non-refundable tax credit can only be used to reduce federal or provincial/territorial taxes payable to zero. They… {Read more}
By Liz O'Dowd on January 14, 2015 Leave a comment
ELIGIBLE DEDUCTIONS & CREDITS If you pay the following expenses by December 31, 2014 they will be eligible for the deductions or credits: Childcare expenses Deductible support payments Charitable donations Union and professional dues Moving expenses Political donations Accounting fees Medical expenses… {Read more}
By Liz O'Dowd on December 6, 2012 Leave a comment
The dividend tax credit is a non-refundable tax credit which applies when Canadian dividends are included in income. Foreign dividends do not qualify for the dividend tax credit. Both dividend tax credits are claimed on Line 425 on Schedule 1… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
A tax return must be filed if you have to pay income taxes. A tax return must also be filed if you have not repaid all amounts withdrawn from your RRSP under the Home Buyers’ Plan or the Lifelong Learning… {Read more}
By admin on May 2, 2011 Leave a comment
In a situation where the spouse contributes
By admin on May 2, 2011 Leave a comment
Changes have been made to the rules governing CPP effective
By admin on May 2, 2011 Leave a comment
CRA would like to advise taxpayers who have been affected by spring flooding
By admin on March 13, 2011 Leave a comment
As life changes, so do your tax returns
By admin on March 13, 2011 Leave a comment
There are a number of ways to reduce the amount of tax you owe
By admin on February 28, 2011 Leave a comment
and Expense Benefit Rates for Business