MIDDLE CLASS TAX CUT INTRODUCED A middle class tax reduction was introduced for 2016. It has been called a middle class tax cut because it... View Article READ MORE
MINIMUM RRIF WITHDRAWALS DECREASED Registered Retirement Income fund (RRIF) rules were recently changed to take into account the changing financial outlook for retirees. The... View Article READ MORE
ELIGIBLE CHARITABLE EXPENSES EXPANDED The recent federal budget changed regulations related to the taxability of capital gains on property that is donated to eligible... View Article READ MORE
CRA WARNS OF FRAUD The Canada Revenue Agency (CRA) is again reminding taxpayers to be wary of scams from individuals pretending to be from... View Article READ MORE
Did you know… The sale of your principal residence is exempt from tax on capital gains. However, there are many factors to consider... View Article READ MORE
INCOME SPLITTING FOR FAMILIES In October, the federal government introduced income splitting for parents with the “Family Tax Cut”. This tax cut will allow... View Article READ MORE
RRSPs for those Canadian Residents who have US obligations The IRS announced on October 7 2014 that they would make it easier for taxpayers who hold interests in either... View Article READ MORE
Instalments Required on Taxes If you owed over $3,000 when you filed your 2013 tax return, and you owed over $3,000 in either 2011... View Article READ MORE
Did You Know…Collecting GST You can start collecting the Goods and Services Tax Credit (GST) starting with the first quarterly payment that is issued... View Article READ MORE
