CPA Indexation for 2026 Personal Amounts

The Consumer Price Index numbers for September have been released and that number is used to calculate the indexation rate for personal amounts and tax brackets.  Although the federal government has yet to announce the new tax figures, we’ve done the math to estimate the numbers.  It’s important information for year end tax planning purposes, a subject we will also cover in depth on November 5 at the live virtual CE Summit.  Read on to learn more.

Do you know how to prepare a T2 corporate return for your small business clients?   Has it always been your professional development dream to get the credentials to do so?

Taxpayers should receive legal advice prior to giving a power of attorney to anyone, including their spouse. Unintended tax consequences will not be forgiven by the CRA.

Whether you are a student or working and paying for child care, those expenditures may be deductible and the maximum amount you can claim has increased this year.  It’s a lucrative year end tip advisors will want to prime their clients about,  to maximize child care expense claims on the 2015 tax return.

It has been truly heartbreaking to watch the humanitarian crisis unfold in Europe, as millions of displaced refugee families risk their lives seeking safe havens. Canadians can help with charitable donations, but also by adopting orphaned children.

Accounting departments in growing companies have a special role in collaborating with shareholders:  to help  those at the financial helm to understand not only where the business results lie today, but what  resources it will need to support future growth, potential financing gaps, and how they can best addressed.

Year end tax planning includes upgrading tax office environments to substantially increase efficiencies. The proof appears to be in the pudding: TaxCycle users  are reporting a 41% decrease in paper printing and handling, 30% more accurate tax preparation and 21% time savings per client engagement.