Canada News Centre

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Life in the Tax Lane December 2018

This month’s topics include: faster CCA write-offs; What is manufacturing and processing equipment; Corporate passive investment income and the small business deduction; CRA audits – liquor sales; 2019 indexation; Carbon tax and climate incentive payments. Click below to read more: Life in the…

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Retention of Books and Records

Make sure you’re aware of how long you must retain source documents (receipts, invoices, tax slips, investment trade confirmations, etc) and other records for your personal tax return, and for your business. Click below to read more: Retention of Books and Records …

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Canada Workers Benefit 2019 Except Quebec

The Canada Workers Benefit amounts for 2019 are now available including Alberta and Nunavut, which are different from the other provinces/territories. Quebec is also different, but is in a separate table. Click below to read more: Canada Workers Benefit 2019 Except Quebec …

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COVID-19 Payment for Seniors

On May 12, the Prime Minister announced a one-time tax-free payment of $300 for seniors eligible for OAS (regardless of income level), with an additional $200 for seniors eligible for the GIS. Click below to read more: COVID-19 Payment for Seniors Source:…