A fun comparison of tax in 1917 to today: 1917 Number of pages in the Income Tax Act: 6 Number of words in the Income Tax Act: 3,999 % of federal revenues: 2.6% % of Canadians who file income taxes: 2% Federal tax rate: 4% Tax collected per person in Canada (2016 dollars): $14 2016/17 […]
Click on the following link to see a commentary on the 2017 Federal Budget. 2017 Federal Budget Commentary
What is Alberta’s new carbon tax? Love it or hate it, the carbon tax is here. Alberta’s new carbon levy and rebate program aims to reduce greenhouse gas emissions by providing Albertans with an incentive to lead a lower emission lifestyle. How does it work? Starting January 1, a carbon levy will be added on […]
Automobile allowance rates The automobile allowance rates for 2016 are: 54¢ per kilometre for the first 5,000 kilometres driven; and 48¢ per kilometre driven after that. In the Northwest Territories, Yukon, and Nunavut, there is an additional 4¢ per kilometre allowed for travel. The automobile allowance rates for 2015 are: 55¢ per kilometre for the […]
Use this list as a guide for the most common items we require to prepare your corporate year-end. Some items may not apply to you. Copies of external documents required: • Bank statement(s) for all bank accounts as of the year-end date • Investment information (broker statements, summary of capital gains/losses summary of dividends and […]