Do you know that the new Payroll Deductions Formulas for Computer Programs effective January 1, 2010 is now available on the CRA Web site.
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2010 indexation adjustment for personal income tax and benefit amounts
Each year, certain personal income tax and benefit amounts are indexed to inflation
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Annual Open House Raises Money for Operation Come Home
Padgett Business Services recently held their annual Christmas Open House. The event is held each year to show our appreciation and thanks to
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Interest rates for the first calendar quarter
The Canada Revenue Agency (CRA) announced on December 3, 2009 the prescribed annual interest rates
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Tis the season for charitable giving
Announced today, the Honourable Jean-Pierre Blackburn, Minister of National Revenue
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Other Tax Planning Issues
Consider some of the following tax planning strategies as part of you year end tax planning
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Use Capital Losses
You can use your 2009 capital losses to reduce your current year’s income taxes by applying such losses against
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$750,000 CAPITAL GAINS DEDUCTION
You can make use of the lifetime $750,000 capital gains deduction if you dispose of shares in a qualified small business corporation,
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Eligible Deductions & Credits
If you pay the following expenses by December 31, 2009 they will be eligible for the deductions of credits
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Contribute to Your RRSP
The most popular tax tool available to taxpayers is investing in a registered retirement saving plan