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Get What’s Taxable (HST) for your mobile device

|| March 3, 2014

Are you still confused and trying to find out what is taxable under Harmonized Sales Tax (HST)? To get a quick reference as to what is taxable and what is not, you can now use your smartphone. Click on the above link from your smartphone and save the link

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Taxpayer relief deadline for 2003 is December 31, 2013

|| December 5, 2013

Canada Revenue Agency allows taxpayer relief for the cancellation or waiver of penalties and interest when taxpayers and registrants (for both GST/HST and non-GST/HST purposes) are unable to meet their tax obligations due to circumstances beyond their control.   Taxpayers and registrants or their authorized representatives can make a taxpayer relief request. Taxpayers and

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Canada Revenue Agency Announces Maximum Pensionable Earnings for 2014

|| November 27, 2013

Maximum Pensionable Earnings for 2014: On November 1, 2013, the Canada Revenue Agency announced the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014. The rate remains unchanged at 4.95% for employee and employer, and 9.9% for self-employed. Contributors who earn more than $52,500 in 2014 are not required or permitted

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First-Time Donor’s Super Credit (FDSC)

|| October 12, 2013

The Federal 2013 Budget introduced a temporary FDSC available to an individual for monetary donations up to $1,000. Eligibility: An individual will be considered a first-time donor if neither the individual nor the individual’s spouse or common-law partner has claimed the charitable donations in any of the FIVE preceding tax year. When can it

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Donation Tax Calculator

|| October 2, 2013

For the taxpayers’ convenience, Canada Revenue Agency has published a charitable donation tax credit calculator. This calculator lets you estimate the tax credit amount available for the eligible donations that can be claimed on the income tax and benefit return for any particular year. The calculator requires the following

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