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:

Get a quick answer to how much tax saving are available by making an RRSP contribution and determine the costs of a proposed RRSP loan and compare the loan costs to the earnings within the RRSP during the loan repayment period. Read more to see the calcualtor in use.

Help us celebrate 10 years of cutting edge professional development and seize the opportunity: be there to think strategically with top advisors at the Distinguished Advisor Conference in Ojai, California, November 10–13, 2013.

Readers of Knowledge Bureau Report are heading into 2013 confident in Canada’s financial prospects.

In 2011, the average Canadian spent $73,457 — 75% or $55,151 of which was spent on goods and services such as shelter, food and transportation.

The Canada Revenue Agency (CRA) is making it easier for corporate taxpayers to determine if they qualify for the Scientific Research and Experimental Development (SR&ED) tax incentive program.

Do you have to file an income tax return this year — or can you just skip it for once?