by cpiwebdesign | Aug 13, 2013 | Business Advisory, Taxation
Good employees are difficult to find, so it may be worthwhile to offer benefits that will encourage them to stay. Many owner-managers would like to provide their employees with additional benefits but may be reluctant to do so because Canada Revenue Agency (CRA)...
by cpiwebdesign | Jul 24, 2013 | Taxation
Recently, the CRA released the revised Foreign Income Verification Form T1135 as announced in the 2013 Federal Budget. Effective immediately, taxpayers are required to use this new form. Taxpayers must now provide additional information, including: The name of the...
by cpiwebdesign | Feb 20, 2013 | Accounting & Assurance, Taxation
It’s that time of year again, when we dig deep into our shoeboxes full of receipts and wait eagerly for official tax documents toarrive in the mail. Are you ready for it this year? Did you keep a good record of all the charitable contributions you made, the receipts...
by cpiwebdesign | Dec 19, 2012 | Taxation
No one likes receiving unexpected notices from the Canada Revenue Agency (CRA). Some owners of tax-free savings accounts may have received notices and may be confused about the rules governing such accounts. Effective since January 1, 2009, Canadians over 18 have...
by cpiwebdesign | Nov 22, 2012 | Business Advisory, Taxation
Tuition may be increasing, but education is still the best investment we can make for our children or grandchildren. Today more than ever, it pays to plan ahead for a child’s education – and Registered Education Savings Plans (RESPs) are an excellent tool to help you...
by cpiwebdesign | Aug 24, 2012 | Accounting & Assurance, Business Advisory, Taxation
W hat are the tax implications of a member of a corporate partnership having a fiscal yearend different from that of the partnership? The latest federal budget provides a new answer to that question. Previously, partnerships owned by corporations could defer taxes on...
