August 2025 Poll
A public consultation on whether the CDIC’s deposit insurance limit should be raised to $150,000 per deposit category is underway. Do you agree?Personal Tax News: Check Out Changes for Medical Expenses, Donations and Taxation of Trusts
Several interesting provisions were tabled in this budget, most notably a change to the way taxpayers apply for the Goods and Services Tax Credit.
Business News: Changes to Source Deductions and ECP Interesting
Announcements were made related to farming and fishing businesses, CCA for clean energy generation, and a proposal for changes to the rules on Eligible Capital Property.
GST/HST News: Focus on Health Care and Registration Compliance
GST and HST changes were announced related to exemption of certain health care services, nil consideration elections for closely related persons, and registration compliance.
Previously Announced Changes to be Implemented in 2014
Previously announced changes that will be implemented this year affect auto expense deductions, labour-sponsored venture capital coporations, and GST/HST exemptions for hospital parking.
Do You Know What Income is Tax Exempt?
As critical as it is to understand what income is taxable in order to avoid expensive penalties, it is just as important to know what income is tax exempt.
Are Trading Service Subscriptions Deductible?
I pay monthly for an options trading service that gives me options trade ideas that I execute in my non-registered account. Can I put the total annual cost of the service as an investment cost on my tax return?
