Interest rates for the fourth calendar quarter The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from October 1, 2018 to December 31, 2018. Income…

Interest rates for the first calendar quarter

The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from January 1, 2018, to March 31, 2018. There have been no changes to the prescribed interest rates…

Interest rates for the fourth calendar quarter

Interest rates for the fourth calendar quarter The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from October 1, 2017, to December 31, 2017. There…

The Trudeau government is continuing to backtrack

In their second component of ‘making the tax system fair’ in connection with small business, they were talking about how small business corporations could unfairly have passive income taxed in their corporations, and thus have a leg up on the ‘ordinary wage earner’.  This was an inflammatory statement, and not the whole truth, as small…

Government in full damage control mode

https://www.thestar.com/news/canada/2017/10/16/feds-to-cut-small-business-tax.html Thus, the Trudeau government is in full damage control mode… Reducing the small business rate as per election promise, which they flipped on, and now flopped on, before ‘fixing’ the so called small business ‘tax loopholes’, which they previously placed as a condition. They altogether dropped the so called ‘converting income into capital gains’…

Interest rates for the second calendar quarter

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 will be in effect from April 1, 2017, to June 30, 2017. There have been no changes to the prescribed…

2017 Federal Budget Special Report

Breaking News Federal Budget Special Report Brought to you by Knowledge Bureau. Opinion Poll Do you support the cancellation of education and textbook credits in 2017, leaving only tuition fee credits for students and supporting individuals? Knowledge Bureau Reporters: Evelyn Jacks, President, MFA™, DFA – Tax Services Specialist™ Walter Harder, DFA – Tax Services Specialist™…

Budget 2017 is set for March 22

March 7, 2017 – Ottawa, Ontario – Department of Finance Canada The Government of Canada continues its plan to help middle class families and grow the economy by making smart investments in the things that matter most: good, well-paying jobs, healthy living, strong communities and better opportunities for our kids and grandkids. Finance Minister Bill…

Interest rates for the first calendar quarter

Interest rates for the first calendar quarter December 16, 2016 Ottawa, Ontario                    Canada Revenue Agency 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 will be in effect from…

Alberta to introduce tax credit for investments in small businesses up until 2019

THE CANADIAN PRESS CALGARY — The Canadian Press Published Friday, Sep. 30, 2016 9:43AM EDT Last updated Friday, Sep. 30, 2016 9:43AM EDT The Alberta government plans to introduce a tax credit for investments in small businesses in the fall sitting of the legislature. Economic Development Minister Deron Bilous says there will be a 30 per cent…