Canada News Centre

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RRSP Overcontributions Can Be Costly

Each individual taxpayer is responsible – not their accountant or financial planner – to ensure that they don’t overcontribute. There is a 1% per month tax on excess contributions. A recent court case upheld tax, penalties and interest on overcontributions. Click below to…

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Saskatchewan 2020 Budget – March 18, 2020

Personal income tax system to be indexed rate starting in 2021; new incentive to encourage investment in the chemical fertilizer sector; extend manufacturing and processing exporter tax incentive for 3 years; and more. Click below to read more: Saskatchewan 2020 Budget – March…

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CEBA Expanded to $60,000

Applications for the $60,000 loan or the $20,000 expansion can now be made through several financial institutions, but not yet all. Mar 31, 2021 is deadline for applications. Click below to read more: CEBA Expanded to ,000 Source: Tax Tips