If you’re one of the many Canadians who are approaching retirement, you have probably heard of the Old Age Security (OAS) program. While the Canada Pension Plan […]
Jamie Golombek: For one, there’s an increase to the basic personal amount Canadians can earn before facing federal income tax This week, the government announced increases […]
December 31, 2019 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these […]
‘They told me it was untaxable in 1965’ no excuse for failing to declare income, judge finds Jamie Golombek: You can rack up significant penalties and […]
TAXABLE BENEFIT: Parking Pass In a June 10, 2019 Federal Court of Appeal case, the Court upheld the previous Tax Court decision which classified an employer-provided […]
Should you donate personally or through your corporation? In Alberta, there is an added incentive to make donations personally, as each dollar of donations (in excess […]
Did you know that a corporations can also benefit from a life insurance policy? Insurance policies can be more than just offering funds to cover funeral […]
SPECIAL WORK SITE ALLOWANCE: Home Base Needed In a January 29, 2019 Technical Interpretation, CRA discussed the criteria for tax-exempt allowances for board and lodging received […]
