A lack of understanding about spousal RRSP limits was no excuse
Make sure clients don’t run afoul of the attribution rules
C.D. Howe Institute recommends Ottawa freeze department operating budgets, shift public employees to shared-risk pension plans
The Canada Revenue Agency highlights new or adjusted credits and deductions
Draft legislation also seeks to implement a raft of proposals from Budget 2021
Now is the time to review plans jolted by the pandemic
Employees who worked from home due to the pandemic in 2021 can claim up to $500 in expenses under $2/day flat rate method
Many pending taxation issues were not addressed in Tuesday's fiscal update, however
Employees using the simplified method can now claim $500, up from $400 last year
Use this handy list of tax numbers as a quick reference