Q4 - Indexation of OAS and Prescribed Interest Rates
Two pieces of good news for the last quarter of 2026: seniors will get a small raise, but prescribed interest rates at CRA will stay steady for the last quarter of 2026. Here’s what you need to integrate into your year end planning activities.Happy Holidays from Knowledge Bureau
In gratitude for your continued support, please accept our very best wishes for the holiday season. May it be restful, joyful and peaceful; and may your new year be blessed with good health and prosperity.
T2 Micro Business Course: The Next Step in Your Financial Education
Do you know how to prepare a T2 corporate return for your small business clients? Knowledge Bureau’s T2 Corporate Tax Preparation for Micro Businesses course is an excellent solution for financial advisors who want deep practical knowledge on small business tax issues.
Life Purpose
"You are never too old to set another goal or to dream a new dream." C. S. Lewis
TFSA Contribution Limit for 2017
The annual TFSA contribution room is indexed to the consumer price index (CPI), but the contribution limit is increased only in increments of $500.
Capital Gains Exemption on Small Business Shares Increases
Indexation has increased the capital gains exemption available on the sale of qualified small business shares in 2017 by an additional $11,540, to $835,716. The capital gains exemption on the sale of qualified farm or fishing property remains at $1,000,000.
Moving Soon? Keep Receipts for a Lucrative Deduction
If December is moving month for you, three pieces of advice: tax a deep breath, treat yourself to some extra eggnog, and keep those moving expense receipts handy. They will be worth a lot of money when you file your tax return.
