YEAR-END TAX PLANNING  December 31, 2013 is fast approaching… See below for a list of tax planning considerations.  Please contact us for further details and to discuss whether these may apply to your personal tax situation.  SOME 2013 YEAR-END TAX PLANNING TIPS INCLUDE:  1)      Certain expenditures made by individuals by...

EI Hiring Credit for Small Business (HCSB) Employment insurance hiring credit for small businesses (HCSB) will be extended for the 2012 year. What this means is if you paid EI premiums of less than $10,000 and had an increase in premiums from 2011 to 2012, your payroll account will automatically...

Shared Custody Tax Benefits CRA allows each shared-custody parent to receive the Child Tax Benefit and the child component of the HST. You will be paid 50% of the benefits effective July 2011. You need to fill out FORM RC66 with a letter attached explain the child’s living arrangements.

US Tax for Canadian Citizen Snowbirds In this blog post we’ll cover the US Tax for Canadian Citizens who travel to the States for the winter months. With Canada’s harsh winters, it is very appealing to go down to the southern states of America.  As beautiful as the Muskoka terrain...