Tax saving tips - Articles about personal and business taxes

Canada Child Tax Benefit

How to receive Canada child benefit?

In order to receive Canada child benefit (CCB) you have to file your 2015 and any other outstanding tax returns as soon as possible.

What is CCB?

The CCB is a monthly tax-free payment for families with children under the age of 18. It will […]

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2016 Federal budget

2016 federal budget proposes to keep the small business tax rate at 10.5 % after 2016. As a result, the budget also proposes to maintain the dividend gross-up rate at 17% and dividend tax credit (21/29 of the gross-up rate) rates applicable to non-eligible […]

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tax planning

Eligible and Non-eligible Dividends

Eligible dividends

An eligible dividend is any taxable dividend paid to a resident of Canada by a Canadian corporation that is designated by that corporation to be an eligible dividend. A corporation’s capacity to pay eligible dividends depends mostly on its status. In simple terms […]

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taxable benfit

Taxable Benefits – Work Clothing

September 11, 2015
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Uniforms are not a taxable benefit if the purpose is to protect the employee from the job hazards or are distinctive uniform such as identifying the employer.

If it does not fulfill the above criteria it would be considered a taxable benefit and would be reported on employee […]

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