Is your child a budding artist or musician? If your child attends programs that contribute to his or her development, you may be eligible for a break at tax time. Important facts If your child participated in an eligible program of artistic, cultural, recreational, or developmental activity, you may be able to claim up to…
Do any of these apply to you? Let us know! The Family Caregiver Tax Credit – Is a 15 per cent non-refundable tax credit on an amount of $2,000 that provides tax relief to caregivers of infirm dependant relatives. This includes, for the first time, infirm spouses, common-law partners, and minor children. Canadians can claim this…
Ottawa, Ontario, November 1, 2012… The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2013 will be $51,100—up from $50,100 in 2012. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in…
According to an article in the Edmonton Sun, Health Canada spent more then $3.6 Million developing new warning labels for cigarette packages. And there is dispute over whether the new labels will even make it onto the packs! From 2004 to 2010, Health Canada spent almost $1.9 million on public opinion research, like focus groups,…
1.) Income Tax: 95 Years Young Canadians paid no income tax until 1917. Nothing. Not the rich, the poor, or the corporations. Temporary tax measures brought in near the end of the war were largely seen as a way to nab a few war profiteers were made permanent and increased as the government increased…