by James Gustafson | Dec 26, 2012 | Taxation
It is year-end time again but it is not too late to make your 2012 donations. Any donation receipted by a registered Canadian charity on or before December 31 will be eligible to claim on your 2012 tax return. If you are uncertain as to the eligibility of the charity...
by James Gustafson | Oct 4, 2012 | Taxation
You may have heard of the pending new Old Age Security (OAS) rules that will be coming into effect on July 1, 2013. The rules are quite clear for those turning 65 after July 1, 2013 as they will have the option to defer taking their OAS and increasing their future...
by James Gustafson | Jul 4, 2012 | Taxation, Uncategorized
Fear and Uncertainty. These two words were very representative of the general environment of US citizens in Canada that needed to catch up on US income tax return filings. Until recently, that is. If you are a US citizen living in Canada and have not filed your US...
by James Gustafson | Jul 25, 2011 | Taxation, Uncategorized
Many people have heard of the idea of becoming non-resident for Canadian tax purposes. Since the Canadian tax system is based on your residency becoming a non-resident means avoiding Canadian taxes in most, but not all, situations. This blog does not address the...
by James Gustafson | Feb 13, 2011 | Accounting, Incorporation, Taxation, Uncategorized
If you have an incorporated business and pay yourself, family members or other employees a wage or dividends from your company then your company is required to file a Tslip information return to the CRA by no later than February 28th each year to report these...
by James Gustafson | Feb 8, 2011 | Taxation, Uncategorized
Spousal loans can work great in certain tax situations to shift investment income from a higher taxed spouse to a lower taxed one while also avoiding triggering the infamous “attribution rules” in the Income Tax Act. This can result in significant tax...
