Personal Taxes and Finance Archives - Page 3 of 8 - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

Universal child care benefit (UCCB)

Under proposed legislation, the Government is increasing and expanding the UCCB starting in 2015. The UCCB is being enhanced by providing up to $1,920 per year for each child under the age of 6, and introducing a new benefit of up to $720 per year for children […]

Read more
tax planning

Automobile Taxable Benefits

Employee’s benefit

Report the value of the benefit including the GST/HST that applies in box 14, “Employment income,” and in the “Other information” area enter code 34 at the bottom of the employee’s T4 slip.

Also, report the benefit […]

Read more
2015 taxes

What’s new for the 2015 tax filing season

CRA has outlined a number of new or updated tax relief measures. Some of these new measures are:

– Children’s fitness tax credit – maximum increased to $1,000 per child
– Search and rescue volunteer tax credit amount – up to $3,000.
– Family tax credit – couples with children under […]

Read more