This blog is for general informational purposes only, may not be applicable to your circumstances and is not intended as tax advice.
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Split Your Income, Cut Your Family’s Tax
The Government of Canada has announced the Family Tax Cut, effective for the 2014 tax year, which allows couples with children under 18 years of age to split their income. The result…
December 8, 2014 -
Child Care Benefits – Now More Beneficial!
Universal Child Care Benefits The Government of Canada has announced that the monthly Universal Child Care Benefit (UCCB) will increase from $100 to $160 per child under age 6. A new UCCB…
December 1, 2014 -
It Pays (More) to Get the Kids Off the Couch.
As part of an initiative to assist families, the Government of Canada has announced that the Children’s Fitness Tax Credit limit has been raised from $500 to $1,000 per child for the…
November 24, 2014 -
Introducing…the Small Business Job Credit
Businesses who pay up to $15,000 in EI premiums annually will soon pay $1.60 per $100 of payroll instead of $1.88. The Government of Canada estimates that this will benefit approximately 780,000…
November 17, 2014 -
Never find yourself on the wrong side of a CRA deadline again! (Unless you lose your phone.)
In consultation with small and medium-sized businesses, CRA has introduced a convenient new Business Tax Reminders mobile app for Apple iOS, Google Android and BlackBerry mobile platforms. The app allows you to…
November 12, 2014 -
If It Seems Too Good To Be True…
Several of our clients have received emails purporting to be from Canada Revenue Agency notifying them that they have been sent an INTERAC e-Transfer of money. The email asks them to click…
November 4, 2014 -
Bewildered by Bureaucratic Bafflegab?
According to a recent CBC article1,Canada Revenue Agency will be gradually retooling their correspondence after a study found that their “tax notices are so confusing, recipients are often not sure whether they…
November 3, 2014 -
The Inaugural Blog Post
It’s taken us a while, but we’ve finally discovered blogging! We hope to post at least weekly to keep you informed on tax, accounting and PEL-related matters. Stay tuned!
October 28, 2014