Canada News Centre

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Digital Assets and Estate Planning

Do you use Facebook, PayPay, Amazon Kindle, Apple iTunes, cryptocurrency wallets, OneDrive, licensed accounts or other digital assets? It’s important to document passwords/private keys and other information for your executor. Click below to read more: Digital Assets and Estate Planning Source: Tax…

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TD1 Forms for Employees and Pensioners

The TD1 forms for 2018 are available from Canada Revenue Agency. If there have been changes which will affect your tax exemptions (see our article), you should ensure that you complete these forms so that your employer (or other payer) will deduct the appropriate amount…

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Life in the Tax Lane March 2018

Lots of info in this month’s 10 minute video! Education/textbook credits; Home accessibility credit; Caregiver credits; Principal residence dispositions; Income-splitting loans; Salaries to family; Owner/manager employment expenses; and US estate tax. Lots to learn! Click below to read more: Life in the Tax…

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Automobile Operating Cost Benefit 2019

The prescribed rate used to determine the operating cost taxable benefit to an employee for an employer-owned vehicle is increased for 2019 by 2 cents, to 28 cents per kilometre. The standby charge taxable benefit factors for automobiles remain unchanged. Click below to…