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Universal Child Care Benefit

In 2006, the Government introduced the Universal Child Care Benefit (UCCB), which provides all families with up to $1,200 per year for each child under the age of 6. The UCCB currently provides direct federal support to [...]

Notice of Tax Changes to Ontario Employees who Earn More than $150,000

On July 24, 2014, the Ontario government passed into law increases to personal income tax rates for Ontario employees who earn more than $150,000 in 2014.  These changes come into effect September 1st, 2014. However, [...]

By |August 28th, 2014|Categories: Uncategorized|Tags: , , , |Comments Off on Notice of Tax Changes to Ontario Employees who Earn More than $150,000

You’ve got online mail… from the Canada Revenue Agency

What's new? The Canada Revenue Agency (CRA) has created a new service that allows businesses to receive some of their correspondence from the CRA online. It's fast, secure and you can view your mail online [...]

By |February 7th, 2014|Categories: Uncategorized|Tags: , , , |Comments Off on You’ve got online mail… from the Canada Revenue Agency

Workers aged 60 and over—make sure you are clear on CPP contribution rules

Are you 60 to 70 years of age and did you return to work in 2013 after being away from the workforce? You may not know about changes to Canada Pension Plan (CPP) contributions that [...]

By |January 29th, 2014|Categories: Uncategorized|Tags: , , , |Comments Off on Workers aged 60 and over—make sure you are clear on CPP contribution rules

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 [...]

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

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 [...]

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