June 30 Tax Deadline is Looming for Non-Residents
An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:EI Maximum Insurable Earnings Increase for 2015
The maximum insurable earnings for 2015 will increase from $48,600 to $49,500.
Proposed EI Premium Rates for 2017 and Subsequent Years
Starting in 2017 the annual EI premium rate will set at a seven year break-even rate.
Ontario Farmers: Donate Food, Get Tax Credit
Year end tax planning has a new bright spot for Ontario farmers, but its real dollar benefit will depend on whether or not the farming enterprise is incorporated.
Evelyn Jacks: Income Splitting for Canadian Families
Income splitting and higher limits to TFSAs could make a big difference in Real Wealth Management™ for Canadians families, reducing tax on income both today and in the future when retirement income is drawn completely tax free.
Mark Your Calendar: October/November CE Events
Fall is the perfect time to focus on professional development. Take advantage of a number of upcoming live events and earn valuable CE credits with Knowledge Bureau.
OAS Benefits Increase to $563.74
Employment and Social Development Canada announced today the quarterly amounts for Old Age Security (OAS) benefits for October to December 2014 will increase from $558.71 to $563.74 for each of October, November and December, bringing the total OAS benefit for the year up to $6,676.59.
