By Liz O'Dowd on July 5, 2012 
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The G-20 welcomes major policy actions in Europe As noted in the Leaders’ Declaration of Los Cabos, Euro area members of the G-20 committed to take all the necessary measures to safeguard the integrity and stability of the area, improve… {Read more}
By Liz O'Dowd on June 26, 2012 Leave a comment
Child care expenses are amounts you or another person paid to have someone look after an eligible child so that you or the other person could: earn income from employment; carry on a business either alone or as an active… {Read more}
By Liz O'Dowd on June 26, 2012 Leave a comment
The CRA guide T4060 outlines individual taxpayers’ rights and obligations when they have personal taxes owing to the Government of Canada including: 1.) If balances are not paid within 30 days of the date of when a notice of assessment… {Read more}
By Liz O'Dowd on May 23, 2012 Leave a comment
The 2011 federal budget created a hiring credit for small business (HCSB), a credit intended to stimulate new employment and support small businesses. The latest federal budget proposes to extend the HCSB for 2012. The HCSB gives small businesses relief… {Read more}
By Liz O'Dowd on May 15, 2012 Leave a comment
The Home Buyer’s Plan (HBP) allows you to borrow funds from your RRSP to buy or build a qualifying home, if: You or your spouse or common-law partner have not owned a home which you occupied as your principal residence… {Read more}
By Liz O'Dowd on May 15, 2012 Leave a comment
The co-operative education credit (CETC) is a refundable tax credit that is eligible to claim a percentage of expenses incurred by a corporation for qualifying work placement programs. The maximum credit amount for each qualifying work placement is $1000 for… {Read more}
By Liz O'Dowd on May 15, 2012 Leave a comment
A surprise measure was introduced in the 2012 federal budget legislation (Bill C-38), a mandatory e-file requirement, which will be effective for 2012 income returns filed after December 31, 2012. The proposal will impact tax preparers engaged to prepare more… {Read more}
By Liz O'Dowd on May 11, 2012 Leave a comment
The following changes will be phased in gradually between 2011 and 2016. The first major change occurred in January 2011 for people retiring after age 65: Your monthly CPP retirement pension amount will increase by a larger percentage if you… {Read more}
By Liz O'Dowd on April 10, 2012 Leave a comment
Even if you don’t owe taxes, you should file your 2011 income tax return by April 30, 2012 to be eligible for some tax credits and benefits. Important facts Eligibility for certain benefit payments such as the goods and services… {Read more}
By Liz O'Dowd on April 10, 2012 Leave a comment
The Economic Club of Canada in Ottawa spoke about how the Economic Action Plan 2012 will leverage sustained economic growth and job creation by expanding trade and opening new markets for Canadian businesses. The Government understands that Canada’s prosperity is… {Read more}