March 5, 2020
Between now and June 15, more than 26 million income tax returns for the 2019 tax year will be filed by individual Canadian taxpayers. The vast […]
March 5, 2020
The one constant in income tax is change and consequently, while Canadian taxpayers must prepare and file the same form – the T1 Income Tax and […]
February 19, 2020
Sometime during the month of February, millions of Canadians will receive mail from the Canada Revenue Agency. That mail, a “Tax Instalment Reminder”, will set out […]
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 […]
December 14, 2019
During the month of December, it is customary for employers to provide something “extra” for their employees, by way of a holiday gift, a year-end bonus […]
December 14, 2019
While Canadians benefit from a publicly funded health care system, there are nonetheless a large, and increasing, number of medical expenses which are not covered by […]
November 14, 2019
Planning for – or even thinking about – 2020 taxes when it’s not even December 2019 may seem more than a little premature. However, most Canadians […]
October 14, 2019
When parents separate and divorce, it is frequently the case that they are able to agree on an arrangement to share custody of their children. Such […]
September 14, 2019
Canadians are fortunate to benefit from a publicly funded health care system, in which most costs of care ranging from routine visits to a family doctor […]
September 14, 2019
The Canadian tax system is a “self-assessing system” which relies heavily on the voluntary co-operation of taxpayers. Canadians are expected (in fact, in most cases, required), […]
August 12, 2019
Raising children is expensive and, in recognition of that fact, the federal government has, for more than half a century, provided financial assistance to parents to […]
August 12, 2019
While most Canadians turn their mind to taxes only in the spring when the annual return must be filed (and then only reluctantly), taxes are a […]
August 12, 2019
As the summer starts to wind down, both students returning to their colleges and universities and those just starting their post-secondary education must focus on the […]
July 7, 2019
The most recent estimate issued by the Canadian Real Estate Association (CREA) is that close to half a million homes will be sold in Canada during […]
July 7, 2019
Sometime during the month of July several thousand Canadians will receive an unexpected, unfamiliar, and probably unwelcome piece of correspondence from the Canada Revenue Agency. That […]
June 26, 2019
Most Canadians have now filed their individual income tax return for the 2018 tax year and received a Notice of Assessment outlining their tax position for […]
June 26, 2019
It’s the financial “achievement” no one wants to have, but Canadians keep setting new records when it comes to the size of their household debt. And, […]