Canada News Centre

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Disability Insurance

If you are an employee, you should be paying the premiums on your disability insurance to ensure the income will be tax-free. If you are self-employed, it’s extremely important to buy disability insurance to ensure you’ll have income in the case of a medical event…

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Federal 2019 Budget – March 19, 2019

The budget includes: an increase to the RRSP Home Buyers’ Plan withdrawal limit; new personal tax credit for certain digital subscriptions; changes re RDSP termination requirements; new Canada Training Credit (re tuition costs) for work earnings for those age 25 to 64; 100% CCA for…

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Upcoming Provincial Budgets

The new PEI government will likely table their 2019 budget in late June. The Alberta new government plans to table their 2019 budget in the fall. Click below to read more: Upcoming Provincial Budgets Source: Tax Tips

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Quebec 2020 Budget – March 10, 2020

The refundable tax credit for caregivers will be enhanced and made more accessible. There are many measures concerning businesses, but no change in personal or corporate income tax rates or dividend tax credit rates. Click below to read more: Quebec 2020 Budget –…

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Business Resilience Service Hotline

On May 25th the government announced the launch of a toll-free hotline, with 125 CPAs available to provide customized financial guidance to the smallest business owners to help them through this crisis. Click below to read more: Business Resilience Service Hotline Source:…