Canada News Centre

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Deductible Employment Expenses

Expenses that are paid to earn employment income can sometimes be deductible, including any GST/HST that was paid on them. This can only be done if your employer requires you to pay the expenses, and either you didn’t receive reimbursement for the expenses, or if…

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Annual Retirement Income Calculator

How much will you be able to withdraw from your investments each year until they are reduced to zero? Our very simple calculator shows annual withdrawal amounts at varying average rates of return (which you can change), over several time periods. There is no allowance…

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Taxation of Cannabis

On September 17th, the federal government posted Regulatory and Legislative Proposals Relating to the Taxation of Cannabis, and Explanatory Notes. This relates to excise duties on cannabis. Click below to read more: Taxation of Cannabis Source: Tax Tips

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Ontario 2019 Budget – April 11, 2019

There aren’t many tax measures in the 2019 budget, but a significant one is a new Childcare Access and Relief from Expenses (CARE) refundable tax credit for 2019. Estate Administration Tax will be eliminated effective Jan 1, 2020 for estates of $50,000 or less, lowered…