Canada News Centre

0

Canadian Dividends No Tax

How much can be earned in Canadian dividends (when there is no other income) before regular income taxes are payable, and before alternative minimum tax applies? Click below to read more: Canadian Dividends No Tax Source: Tax Tips

0

BC 2021 Budget – April 20, 2021

PST exemption electric bicycles; Free public transit children 12 and under; Emergency Benefit for Workers expanded to self-employed; No personal or corporate income tax changes. Click below to read more: BC 2021 Budget – April 20, 2021 Source: Tax Tips

0

Life in the Tax Lane January 2018

This month’s 10 minute video discusses: Pre-Budget Consultations for 2018 federal budget; Latest draft legislation re small business income sprinkling; CRA handling of disability tax credit applications for type 1 diabetics; Taxation of cannabis. Click below to read more: Life in the Tax…

0

2018 Federal Budget – February 27, 2018

The budget proposes to rename the Working Income Tax Benefit to the Canada Workers Benefit, and enhance the benefit, starting in 2019. Tax measures include a reduction to the business limit for the small business deduction, based on the investment income earned by a Canadian…

0

Business Taxation

Browse our topics for businesses, including income tax issues, expenses, employees and payroll/payroll taxes. Learn about the small business deduction, capital gains exemption, foreign income and asset reporting, vehicle costs and taxable benefits, capital vs expense, and many other topics. Click below to…

0

Life in the Tax Lane January 2019

This month’s topics include: 3rd party contributions to TFSAs (such as employer contributions); expenses after a business ceases; TOSI – reasonable return; small business deduction passive investment income clawback; and changes to Canada Business Corporations Act re tracking of corporate ownership information. Click…