Tax Planning Strategies Archives - Page 4 of 8 - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

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 […]

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Enhanced Universal Child Care Benefit

Enhanced Universal Child Care Benefit

On October 30, 2014 government proposed to increase the monthly UCCB benefit by $60, from $100 to $160 for each eligible child under the age of 6 years effective January 2015. The October 30 announcement also includes a proposal for a monthly UCCB benefit of $60 for an […]

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Personal Tax Planning

The Family Tax Cut

The government is proposing a new Family Tax Cut, a non-refundable tax credit worth up to $2,000 for couples with children under the age of 18.

The Family Tax Cut would allow a spouse to, in effect, transfer up to $50,000 of taxable income to […]

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Shareholder-Employee Loan or Benefit

Where the shareholder is also an employee, following types of loans are not taxable and excluded from income:
– a loan to employee who is not a specified employee of the lender
– where the purpose of the loan is to buy a principal residence
– where the purpose of the […]

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