Monthly Archives: December 2013

//December
28 12, 2013

TAX ALERT – CHANGES TO FOREIGN INCOME VERIFICATION STATEMENT – FORM T1135

By |December 28th, 2013|Uncategorized|Comments Off on TAX ALERT – CHANGES TO FOREIGN INCOME VERIFICATION STATEMENT – FORM T1135

The Canadian government has made it a priority to “crack down on international tax evasion and aggressive tax avoidance” and has, in doing so, proposed several changes to the Foreign Income Verification Statement (Form T1135). As a bit of a background, Form T1135 must be filed by most Canadian-resident individuals, corporations or trusts that, at any time during [...]

19 12, 2013

Take advantage of the new first-time donor’s super credit

By |December 19th, 2013|Uncategorized|Comments Off on Take advantage of the new first-time donor’s super credit

The new first-time donor’s super credit gives you an extra 25% non-refundable federal tax credit when you claim your charitable donation tax credit. This means that you can get a 40% credit for up to $200 in cash donations and a 54% credit for the part of the cash donations that is over $200 but [...]