This Month’s Poll
Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?New! Charitable Donation Tax Credit Calculators
Fall is a great time for year-end tax planning and this year, strategic philanthropy in the family has taken on new meaning in light of the new temporary First-Time Donor’s Super Credit for first time donors.
Guest Column: Prescribed Rate Loans
The current prescribed rate is likely to increase on October 1, 2013. This guest column, provided to you by Frostiak & Leslie Chartered Accountants, Inc., a member of the Tax Specialist Group (TSG), offers some tips on how to benefit from the prescribed rate before it changes.
Evelyn Jacks: Managing Risk—Consumers Need To Look For Value Propositions
Spending money can be hard work; after all, there are a lot of demands for it and its supply is usually short. Therefore, careful consumers have to manage risks to their disposable income and choose the absolute right supplier for their needs and wants.
Back to School: Should Costs of Developing Promising Young Athletes Be Deductible?
It’s back to school time and as every parent knows, arts and athletics are expensive activities for children to partake in at this time of the year.
Special Tax on Employee Profit Sharing Plans (EPSPs)
A special tax at the top marginal rate will be charge to a “specified employee” for contributions to an employee profit sharing plan if the contribution exceeds 20% of the employee’s salary received in the year.
What Are the Rules to Reporting Rental Income?
With a new school year around the corner, you may be considering taking in a university student as a renter. If so, you will want to get your documentation ready for a change in your tax filing.
