The Canada Revenue Agency (CRA) has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations.
Canadians may be leaving dollars on the table by not considering key end-of-year-tax deadlines, finds a survey by BMO Nesbitt Burns.
No one wants to miss out on savings. Ensure your clients know about important tax-saving deadlines coming up this weekend. And check out these other useful tax tips from BMO Nesbitt Burns.
Raymond Chabot Grant Thornton has released its free 2013-2014 Tax Planning Guide.
Small business owners risk paying too much in income tax by making the wrong decision on whether to withdraw funds from their corporations as salary (bonus) or as dividends, says CIBC's tax and estate planning expert, Jamie Golombek.
CRA provides guidance on virtual money
With December 31st fast approaching, here’s our updated, annual look at some year-end tax tips you may wish to keep in mind as we enter the final weeks of 2013.
The Investment Industry Association of Canada (IIAC) has sent CRA a comment letter on the new T1135 form, identifying issues of “immediate urgency” and suggesting some of the new requirements will be “impossible” to satisfy.
This course is no longer eligible for CE credits. Go to cecorner.ca to find eligible courses. OBJECTIVE No one likes losing money on an investment, but claiming capital losses can reduce your tax bill and ease the pain. Tax loss selling is a technique for harvesting capital losses in non-registered accounts so they can be […]
Farmers can claim cat and dog food as a business expense if those animals keep pests away from their crops. Check out these other surprising tax deductions.