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

CRA Tax Credit

Medical Expenses – Tutoring Services

January 13, 2017
|
Comments off
|

Tutoring services

Income Tax Act Section 118.2(2)(l.91) provides that eligible medical expenses may include amounts paid as remuneration for tutoring services provided to a patient where the following conditions are satisfied:

the tutoring is supplementary to […]

Read more
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 […]

Read more

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 […]

Read more
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 […]

Read more