Canada News Centre

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Alberta 2018 Budget – March 22, 2018

There were no major tax changes announced in Alberta’s 2018 Budget. A new Interactive Digital Media Tax Credit will take effect April 1, 2018. The Alberta Investor Tax Credit and Capital Investment Tax Credit are extended to 2021-22. The budget also details how much excise…

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GST/HST Invoicing Requirements

It’s amazing how some large companies who are GST/HST registrants do not provide proper invoices. Proper invoicing is required so that the customers of the business can properly claim their input tax credits. GST/HST must be shown separately on an invoice. Federal and provincial HST…

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Recording Foreign Transactions

If you have purchased an investment in a non-registered account, it is your responsibility to keep records which will allow you to calculate the adjusted cost base (ACB) of that investment, in Canadian dollars, even for investments held in US$. Your brokerage statements will not…

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Nunavut 2019 Tax Changes

Nunavut’s Bill 26, passed in May 2019, increases the basic personal and spousal amounts and cost of living tax credits for 2019, and reduces the small business corporate income tax rate effective July 1, 2019. Click below to read more: Nunavut 2019 Tax…