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Archived

Universal Child Care Benefit Payments

|| December 2, 2012

The Universal Child Care Benefit payments are scheduled to be issued on November 18, 2011. If you are the recipient and do not receive your payment by December 2, 2011, you may want to contact CRA at 1-800-387-1193.

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Tax Free Saving Account (TFSA) Limits for 2012

|| January 1, 2012

On December 6, 2011, the Canada Revenue Agency (CRA) announced the TFSA dollar limit of $5,000 contribution room for the year 2012. The limit is indexed to inflation and rounded to the nearest $500 in later years. For 2012, the application of the indexation increase of 2.8%, which is

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Child Tax Benefit Payments

|| November 18, 2011

The Child Tax Benefit payments are scheduled to be issued on October 20, 2011. If you are a Canada Child Tax Benefit recipient and do not receive your advance payment by October 27 2011, you may want to contact CRA at 1-800-387-1193

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Hiring credit for small business (HCSB)

|| November 12, 2011

In the 2011 federal budget a new one-time hiring credit for small businesses was created. The purpose is to stimulate new employment and support small businesses by giving relief from the employer’s share of employment insurance (EI) premiums paid in 2011. Below, we have summarized for our readers. You

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Avoid Paying Unnecessary GST/HST

|| November 12, 2011

Did you know that you can validate the GST/HST number of any business in Canada? The Canada Revenue Agency (CRA) lets you validate the GST/HST number online. This resource will help corporations and individuals avoid paying any unnecessary GST/HST, if the business is notregistered. This service can be used at

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