By Peter Kupovics on August 1, 2013 
Leave a comment
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Interest on Student Loans To… {Read more}
By Peter Kupovics on August 1, 2013 Leave a comment
The most common deductions that apply to students are moving expenses and child care expenses. Moving Expenses You can deduct moving expenses if you move to attend courses as a full time student or if you moved to start a… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
The number of registered charities continued to grow in 2012. As of December 31, 2012, there were 86,159 registered charities, up from 85,923 on December 31, 2011. Charity Type Total Poverty 18,645 Education 13,924 Religion 33,494 Other purposes beneficial to… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
Ted Menzies, Minister of State (Finance), informed Canadian consumers that the ban on unsolicited credit card cheques comes into effect June 21, 2013. As of June 21, 2013, all federally regulated financial institutions will be forbidden from sending unsolicited “promotional”… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
Ontario is launching a new Collaboration Voucher program to give companies a competitive edge by connecting businesses with research institutions. Through the program, eligible companies can apply for vouchers which can be redeemed for access to the expertise and knowledge… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
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 July 3, 2013 Leave a comment
Employers resident in another country who have employees in Canada (either resident or non-resident in Canada) are responsible for collecting; income taxes Employment Insurance (EI) premiums, except when – it appears that, because of the laws of the foreign country,… {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
If you want to take on an existing business rather than starting one from scratch, you may wish to consider buying a franchise. Although there are many advantages to this, it is important to do your research before you commit…. {Read more}
By Liz O'Dowd on July 3, 2013 Leave a comment
If you are a business owner whose products require shipping, whether or not to charge a fee can be a tricky decision. Although free shipping is a consumers’ dream, it can have financial drawbacks for you. Before diving in, you… {Read more}