This Month’s Poll
Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?Tax Tips: What Expenses Can Employees Claim On The Tax Return?
According to Statistics Canada1, 95% of Canadians age 15 years and older have some form of income. There are over 28 million tax filers and two-thirds of them pay income taxes, on average 16% of total income. Fully 70% of that income came from employees, whose earnings are subject to tax withholdings that employers make on their behalf.
Life Purpose
“Far away there in the sunshine, are my highest aspirations. I may not reach them, but I can look up and see their beauty, believe in them, and try to follow where they lead.” -Louisa May Alcott
An Empowered Presence is at the Heart of True Wealth
We all know people who immediately capture our attention. I’m not referring to people whose physique or loud voice is overpowering and intimidating, keeping us at a distance, but those who have that distinct magnetism that draws us closer.
CRA’s Enormous Collections Policies
In Information Circular, IC 98-1R5 Collections Policies, issued on February 3, 2013, CRA clearly outlines the consequences that will follow if you make the bad decision to ignore their requests for payment. Tax and financial advisors have an important role to play in advising their clients to stay out of this kind of trouble, because the consequences can be swift and financially brutal.
Earn Over $956 A Month Tax Free In 2016
Did you know that in Canada every individual can earn over $950 a month completely tax free? You’ll want to pay particular attention to the “tax credits” you may be entitled to, and how to benefit from them, as you get ready to file your tax return.
Sticky Criteria for R&D Tax Credits: Chocolate Spread That Didn’t Qualify
R&D Pro-Innovation Inc. v The Queen (2015 TCC 186)
