New: Personal Support Workers Tax Credit Coming Soon

Personal support workers will receive billions in increased wages from federal/provincial governments in B.C., Newfoundland and Labrador and the Northwest Territories.  Those workers in other provinces will now get a raise too, but they will have to wait until filing their 2026 returns in the spring of 2027 to cash in, according to an October 27 pre-budget announcement.  Here are the details:

Elections bring with them important opportunities to discuss Canada’s future social, economic and tax policies. So, it’s appropriate to go back to “tax school” to find out the tax consequences of making political contributions.

It’s too bad the messaging that came with the increased Universal Child Care Benefit (UCCB) was incomplete when the lump-sum bonuses were distributed on July 20. 

FOR IMMEDIATE RELEASE – Andy Fisher is a Partner in the Insolvency & Restructuring practice at Farber Financial Group and leads the firm’s Small Business Restructuring practice.

FOR IMMEDIATE RELEASE – Cyber threats know no boundaries. Cybercrime risks are increasing; however, risk awareness differs greatly. Cybercrime is not just for monetary gain but also for valuable information about individuals.

On August 12, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.

The  dog days of summer are a great time for the Tax Specialist to review 2014 returns for Proprietors and Partnerships to determine whether it is time for some of these taxpayers to consider incorporating their business and removing their business from their personal tax return. But when is the best time to incorporate?