Category Archives: Tax

2015 Federal Budget

The 2015 Federal Budget includes a number of items that may impact your personal tax situation. The Lifetime Capital Gains Exemption for farming and fishing businesses has increased to $1 million for dispositions after April 21, 2015. The TFSA annual contribution limit has been increased to $10,000 for 2015 and future years. The minimum annual…
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Business Tax Cut

Before the summer break the Federal Government passed first reading of Bill C-59 that includes some of the provisions of the 2015 Federal Budget. Included in that bill was a reduction of the Small Business tax rate. The budget calls for the small business tax rate to drop to 10.5% effective January 1, 2016, 10%…
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Family Tax Cut

Canada Revenue Agency (CRA) has announced that there has been an amendment to the calculation of the Family Tax Cut. Tuition, textbook and education credits can now be transferred from a common-law partner or spouse. The change is retroactive to 2014 and will also apply to future years. CRA has indicated that they will do…
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Corporate taxation

In Canada, our tax regime is complex and continuously changing. It is important for you to understand the tax regulations that affect your particular business. That is why it is important to work with professionals who can help you manage your tax issues. We know that minimizing your tax burden is a priority for you.…
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