Tax – Canadian

Small business tax rate reductions

In it’s promise to support middle class tax payers, Prime Minister Justin Trudeau, Finance Minister Bill Morneau and Small Business and Tourism Minister Bardish Chagger announced October 16, 2017 that the federal component of the corporate small business tax rate … Continue reading

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TFSA limits 2009-2017

Tax Free Savings Accounts limits going back to the beginning of the program with Canada Revenue Agency. If you have never contributed anything you are able to retro-actively catch up $52,000. You don’t get a tax deduction for contributing to … Continue reading

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Corporate Owned Life Insurance

A corporation may own life insurance to: -fund a buy/sell agreement -as collateral for a loan -to cover the loss of a key employee -paying tax at death -to cover losses incurred as a result of a key employee or … Continue reading

Posted in 2013 Canadian Tax Tips, BLOG, Financial Planning, Tax - Corporate | Leave a comment

Shared Custody – Eligible Dependent, Child Amount and Childcare Expenses

In shared custody situations each parent can claim one eligible dependent amount and one child amount non-refundable tax credit.   Therefore one child each year per parent.  If they can’t agree who takes which child then nobody gets the deductions.  The … Continue reading

Posted in 2010 Canadian Tax Tips, 2011 Canadian Tax Tips, Tax - Canadian, Tax Tips | Leave a comment

Apprentice Tax Tips – Employers and Employees

Apprentice Tax Tips for Employers and Employees Continue reading

Posted in 2011 Canadian Tax Tips, BLOG, Tax - Canadian, Tax - Corporate, Tax - Personal, Tax Tips | Leave a comment

2010 Tax Tips

2010 Tax Tips – The more you know, the less you owe.
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