Tax

January 20, 2021

CANADA PENSION PLAN: Costs are Increasing in 2021

The maximum pensionable earnings and contribution rate for 2021 have now been released and are a surprise to many; the cost of CPP is significantly increasing. […]
January 19, 2021

CPP: When to Apply?

While the normal age to begin receiving regular CPP is 65, individuals can apply to start receiving earlier at a cost, or later for a greater […]
March 20, 2020

Tax deadline extended due to COVID-19 crisis

The federal government is giving Canadians more time to file and pay their taxes this year, as a result of the COVID-19 pandemic.   TORONTO — […]
February 25, 2020

Everything you need to know to file your taxes in 2020

If you purchased a home using the Home Buyers’ Incentive or were prescribed cannabis for medical use then you may be affected by changes to Canada’s […]
February 13, 2020

RRSP contribution deadline is March 2, 2020

RRSP March 2, 2020 is the deadline for contributing to an RRSP for the 2019 tax year. December 31 of the year you turn 71 years of age is the last day […]
February 1, 2020

Calgary widow forced to pay $270K to CRA

Calgary widow forced to pay $270K to CRA over beneficiary oversight Donna Phillips’ patience is wearing thin as she fights to have $270,000 in tax losses […]
January 24, 2020

Tax, Tips and Traps

TAX TICKLERS… some quick points to consider…   The amount of income an individual can earn without paying tax (basic personal amount) will begin increasing in […]
January 23, 2020

2020 Deadlines

2020 Tax Due Dates for Canadians A new year is here and as diligent accountants (read: nerds), we’re already planning for 2020. To get the ball […]
January 3, 2020

Tax Changes Canadians Need to Know About for 2020

Written by: Sean Cooper When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation and food are usually top of mind. While all […]