By Liz O'Dowd on March 20, 2012 
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Ottawa, Ontario, March 14, 2012… The Canada Revenue Agency (CRA) today 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. These rates… {Read more}
By Liz O'Dowd on March 6, 2012 Leave a comment
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although… {Read more}
By admin on February 14, 2012 Leave a comment
The Ontario government is moving forward with a responsible plan to eliminate the deficit so that more jobs are created and the economy continues to grow. Since the introduction of the 2011 Budget, growth in the global economy has slowed…. {Read more}
By admin on February 8, 2012 Leave a comment
On January 1, 2012, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 2.8%. The Canada Child Tax Benefit and the goods and services tax credit will take… {Read more}
By admin on January 24, 2012 Leave a comment
The McGuinty government remains focused on jobs and the economy. Despite uncertainty around the world, Ontario’s real Gross Domestic Product (GDP) rose 0.7 per cent (2.7 per cent annualized) in the third quarter (July to September 2011). Provincial GDP has… {Read more}
By admin on January 20, 2012 Leave a comment
This report provides estimates and projections of the revenue impacts of federal tax measures designed to support the economic and social priorities of the Government of Canada. The publication reflects tax relief measures from the Next Phase of Canada’s Economic… {Read more}
By admin on January 10, 2012 Leave a comment
Padgett Ottawa is relocating
By admin on January 10, 2012 Leave a comment
Padgett Business Services® was recently nominated for
By Peter Kupovics on January 9, 2012 Leave a comment
Canada Revenue Agency (CRA) expects employers
By Peter Kupovics on January 9, 2012 Leave a comment
Did you know that GST/HST must be remitted on a