By Liz O'Dowd on July 3, 2013 
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June 26, 2013, Canada’s Taxpayers’ Ombudsman, Mr. J. Paul Dubé and Gail Shea, Minister of National Revenue, jointly announced the addition of a new right to the Taxpayers Bill of Rights. Article 16, “the right to lodge a service complaint… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
In recognition of the ongoing uncertainty in the global economy, Economic Action Plan 2013 announces an extension of the temporary accelerated capital cost allowance for new investment in machinery and equipment in the manufacturing and processing sector for an additional… {Read more}
By Liz O'Dowd on June 20, 2013 Leave a comment
Jim Flaherty, Minister of Finance, on June 10, 2013, welcomed the passage of Bill C-60, the Economic Action Plan 2013 Act, No. 1, by the House of Commons. “We are one step closer to implementing measures that will build on our… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
On June 10, 2013 in Ottawa, Ontario, Gail Shea, Minister of National Revenue and Minister for the Atlantic Canada Opportunities Agency, announced today that the Canada Revenue Agency (CRA) has received information from international allies that relates to persons resident… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
Lisa Raitt, Minister of Labour, accompanied by Rick Norlock, for Northumberland—Quinte West, attended a children’s dance competition today at the Cobourg Highland Games to promote the Children’s Arts and Fitness Tax Credits. Minister Raitt highlighted that the Children’s Fitness Tax… {Read more}
By Liz O'Dowd on June 10, 2013 Leave a comment
The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It ensures a measure of protection to a contributor and his or her family caused by the loss of income due to retirement, disability and death. There are… {Read more}
By Liz O'Dowd on June 10, 2013 Leave a comment
Dartmouth, Nova Scotia, June 3, 2013… Gail Shea, Minister of National Revenue, and Minister for the Atlantic Canada Opportunities Agency, on behalf of the Honourable Ted Menzies, Minister of State (Finance), today met with business owners in Dartmouth, to highlight… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Wholesale sales advanced by 0.3% in March to $49.1 billion. The increase was mainly due to higher sales in the motor vehicle industry. Since May 2012, wholesale sales have been relatively flat. In volume terms, wholesale sales were up 0.1% in March. Gain led… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
The Bank of Canada announced on May 29, 2013, that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent…. {Read more}
By Liz O'Dowd on May 24, 2013 Leave a comment
The Government of Canada today launched public consultations on the tax rules governing Labour-Sponsored Venture Capital Corporations (LSVCCs) to assist these corporations with an orderly phase-out of the federal LSVCC tax credit. The Government is replacing the LSVCC tax credit… {Read more}