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March 2025 Poll
In your view, has CRA improved its services to clients and tax preparers this year?
Messing with the New Housing Rebate Unwise
A decision released recently from the Tax Court of Canada will be of interest to those seeking to apply for the new housing rebate for a principal residence. Wong v. The Queen, 2013 TCC 23 featured an interesting analysis of subsection 254(2)(b) of the Income Tax Act (the Act) as well as actions from the appellants that is worthy of note.
New $5 and $10 Bills to Start Circulating in 2013
The Bank of Canada unveiled the latest and last of the new redesigned polymer bank notes this week. The $5 and $10 polymer notes will complete the series that began with the $100 note in November 2011.
Lost Your Job? Use an RRSP Strategy
Employees who leave their jobs and receive retiring allowances should include an RRSP strategy in their planning to keep more of that money.
Canadian Productivity Improvement is Key to Future Prosperity
There is some good economic news and some bad in an article released by Statistics Canada on April 17, which reveals interesting statistics about the productivity of each province during the period 1997-2010, using the most recent provincial multifactor productivity database.
Moving Expenses Can Be Claimed
Claiming moving expenses on your tax return can be very lucrative so be sure to fill out form T1-M if you moved at least 40 km closer, within Canada, to a new work location, or place of self-employment.
