Insights

anadian businesses that make investments in tangible and intangible depreciable property over the next five years may benefit from proposed federal tax changes to the capital cost allowance (CCA) system.

Avoid interest and penalties on underpaid taxes and tackle your tax slips early to make certain that all sources of income are reported each year.

Your RRSP contribution limit for 2018 is 18% of your 2017 earned income (to a maximum of $ 26,230) less the value of any benefits that accrued to you in 2017 as a member of a Registered Pension Plan or a Deferred Profit Sharing Plan (your Pension Adjustment — PA).

Many people use their cars for work or business and personally incur expenses in doing so. If this is your situation, you’ll want to be able to deduct those expenses against the related income.

2018 Top Marginal Tax Rates provides you with a summary of 2018 tax rates and amounts.

An RRSP is simply a contract or plan between you, the plan "annuitant", and the plan "issuer", usually a financial institution.

With the 2019 tax return season almost here, we want to remind you of the importance of paying personal income tax instalments.

Separation or divorce is the outcome of many relationships.

If your employer provides you with a company car, a taxable benefit will be included on your T4.