New Type of Retirement Investment Introduced
Another significant item in the federal budget was the introduction of the Advanced Life Deferred Annuity (ALDA). An ALDA will... View Article
READ MOREChanges to Guaranteed Income Supplement
Starting in July 2020, there will be changes to the income that can be earned by seniors without affecting the... View Article
READ MOREDID YOU KNOW…
Taxpayers can now withdraw up to $35,000 from their RRSP for a home purchase. This is an... View Article
READ MORENew Refundable Education Credit
The Canada Training Credit was introduced in the federal budget this year. Each year, taxpayers aged between 25-64, who have... View Article
READ MOREEmployment Standards Updated
Changes have been introduced to Employment Standards in British Columbia. These regulations establish minimum standards that must be followed in... View Article
READ MOREIncreases to Climate Action Tax Credits
Gradual increases are planned for the provincial Climate Action Tax Credit for eligible taxpayers. In July of this year, the... View Article
READ MOREAmortization (CCA) Rates Increased
The federal government has introduced accelerated rates of amortization on capital asset purchases, otherwise known as Capital Cost Allowance (CCA).... View Article
READ MORECredit for Digital Subscriptions
A new non-refundable federal tax credit has been introduced for individuals who purchase digital news subscriptions. The maximum amount of... View Article
READ MOREBC Child Opportunity Benefit
Starting this October, the provincial Early Childhood Tax Benefit is changing to the BC Child Opportunity Benefit. The maximum annual... View Article
READ MORETFSA LIMIT LIKELY TO INCREASE
The 2019 contribution limit for Tax Free Savings Accounts (TFSA) is expected to grow to $6,000. The contribution limit is... View Article
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