Up to 75% of a taxpayer’s net income can be claimed as donations, except in the year of death or the year preceding death, when 100% of net income can be claimed as donations. The donations limit can also be increased… {Read more}
Tag: tax preparation services
Enjoy the benefits of filing on time and online!
Did you know? Filing your tax return and paying what you owe on time helps you avoid possible interest and penalty charges, and ensures that your benefits won’t be delayed. Filing online is the fastest and easiest way to send… {Read more}
Keep your Documents!
If you are filing your tax return electronically, you don’t need to send the Canada Revenue Agency (CRA) your information slips or other supporting documents. However, it is important that you keep all your documents for six years in case… {Read more}
CRA revokes the registration of Marketplace Ministries International as a Charity
Ottawa, Ontario, March 15, 2013… The Canada Revenue Agency (CRA) will revoke the registration of Marketplace Ministries International, a Scarborough-based charity. The notice of revocation will be published in the Canada Gazette with an effective date of March 16, 2013…. {Read more}
“Soft” Loans for Your Children
Parents quite often make loans to their adult
Tax Tip-Property Tax credit
Students who are 16 years of age or older and living on their own or
New Vehicle Log Rules
The CRA has substantially reduced the requirement to maintain a vehicle log
Tax Tip-Always File Your Return
Even if you can’t pay the taxes owing, always file
Padgett is Hiring!
Are you good with numbers, have experience with Microsoft Windows environment?
Tax Tip-Public Transit Pass
The CRA has introduced a non-refundable tax credit for taxpayers who purchase transit passes
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