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While Tweed admits the $280.5-billion federal budget announced yesterday by Finance Minister Jim Flaherty certainly didn't have all the bells and whistles of last year's budget, he notes that $7.7 billion in stimulus cash will be available for infrastructure projects across the country. [...] despite speculation that the small business and corporate business tax deductions would see changes this year, the government has chosen to retain them at the current levels.
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...Where possible, maximize interest deductions by structuring or arranging your borrowings first ...
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...Where possible, maximize interest deductions by structuring or arranging your borrowings first ...
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... failed to remit income tax source deductions and GST between 1992 and 2002. They went out of bu...
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... the hiring of a spouse ill a family business. . The principal expressed goal of income splittin... alternative policies--such as tax deductions or credits for children--that would render a more ...
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..., Vasundara Raghavan, can deduct certain business expenses in excess of revenue reported in the 2001... simply undertook to manufacture tax deductions for those years. [2] The first purported business ...
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Stephanie Holmes-Winton, a financial advisor in Halifax, tells her clients to look at their RRSP contribution as a bill that is non-negotiable. "Certain expenses are set expenses: rent or mortgage payments, hydro, heating, transportation, vehicle insurance, core groceries and essential clothing. You can't negotiate these expenses," she says. "And you should look at your retirement savings in the same way.
Putting your income tax refund into your RRSP as soon as you receive it should be a cornerstone of your retirement planning strategy, [Tom Hamza] says. "Your tax refund isn't found money. It's money you paid that exceeds the actual taxes you owe. You've been living without this money, so you don't need to spend it. And by putting it into your plan as soon as you receive it, you're all...
..."File Form T1213, Request to Reduce Tax Deductions at Source (www.cra-arc.gc.ca/E/pbg/tf/t1213/README...
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... of income -- Rental income -- Deductions -- Tenant inducement payments (TIPs) -- Business r...
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Reforming Canada's income tax system using a flat tax of 15 per cent will make the tax code simple and less costly, as well as eliminating nearly all deductions, exemptions and credits that complicate the current tax system," a summary of the report states. "On the personal income-tax side, the existing four federal income tax rates are reduced to one low rate of 15 per cent. The same rate would also be applied to business income.
David Perry, an analyst with the non-partisan Canadian Tax Foundation, noted a flat tax becomes less and less attractive as the rate rises because of the loss of tax deductions and credits, and that the report suggests a combined federal-provincial flat tax would range from about 20 to 30 per cent.
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... have generous tax depreciation deductions for newly acquired IP that are not available in Ca...