The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000 (plus applicable federal and provincial sales taxes) for pur-chases after 2002.
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2010 Tax System Indexation
On January 1, 2010, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 0.6%.
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Canada Pension Plan Financially Sound
The Government of Canada announced that the Canada Pension Plan (CPP) is financially sound at least for the next 75 years at the currently legislated 9.9% contribution rate.
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Employment Insurance (EI) for the self-employed
Do you know that starting January 2010, self-employed people can pay EI premiums on a voluntary basis, and qualify to receive certain EI benefits
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Long-distance medical expense
If you or a family member has to travel to get medical treatment that is not available where you live, you may be able to claim transportation or travel costs for the patient as a medical expense.
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2010 Automobile Deduction Limits and Expense Benefit Rates for Business
Minister of Finance announced the automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit in 2010
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Go to CRA, before they go to you
The Canada Revenue Agency (CRA) wants to make you aware of the Voluntary Disclosures Program (VDP) as they move forward to aggressively address non-compliance internationally and domestically.
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What’s new – your 2009 income tax and benefit return
Did you know that you may be able to take advantage of new incentives or changes to existing credits, deductions, benefits, and services when filing your 2009 return?
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Electronic Records of Employment
Important Information for Employers The Government of Canada made some modifications
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Moving Expenses
If you move within Canada to start a new job or business, your moving expenses are