February 19, 2020
If there is one invariable “rule” of financial and retirement planning of which most Canadians are aware, it is the unquestioned wisdom of making regular contributions […]
February 19, 2020
There’s no denying that the Canadian tax system is complex, even for individuals with relatively straightforward tax and financial circumstances. As well, significant costs can follow […]
January 14, 2020
Alberta The general corporate income tax rate will decrease from 11% to 10%, effective January 1, 2020. The provincial education and tuition tax credits are eliminated […]
January 14, 2020
Each new tax year brings with it a listing of tax payment and filing deadlines, as well as some changes with respect to tax planning strategies. […]
January 14, 2020
The indexing factor for federal tax credits and brackets for 2019 is 1.9%. The following federal tax rates and brackets will be in effect for individuals […]
January 14, 2020
Dollar amounts on which individual non-refundable federal tax credits for 2020 are based, and the actual tax credit claimable, will be as follows: Credit amount Tax […]
January 14, 2020
The Canada Pension Plan contribution rate for 2020 is increased to 5.25% of pensionable earnings for the year. The maximum pensionable earnings for the year will […]
January 14, 2020
The Quebec Pension Plan contribution rate for employees and employers for 2020 is 5.7%, and maximum pensionable earnings are $58,700. The basic exemption is $3,500. The […]
January 14, 2020
The Employment Insurance premium rate for 2020 is decreased to 1.58%. Yearly maximum insurable earnings are set at $54,200, making the maximum employee premium $856.36. As […]