Accountant Coquitlam Archives - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

CRA Tax Credit

2016 New Tax Credit for Eligible School Teachers

2016 New Tax Credit for Eligible School Teachers

 
There is a new refundable tax credit for 2016 and beyond: the Eligible Educator School Supply Tax Credit. If you are an eligible educator you can now claim a 15% refundable tax credit on up […]

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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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