Wills & Graduated Rate Estates
Effective January 1, 2016, substantial changes will be made to the tax treatment for Estates and Trusts. Currently, a trust created under a will (a “testamentary trust”) is eligible for the same graduated rates of tax as are individual persons. An election is available to tax income in a trust to take advantage of those […]
2015/12: Tax Information for 2016
Here are the deductions at source rates for 2016 and 2015 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Canada Pension Plan, Quebec Health Services Fund, Quebec Health Contribution, and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare T4 and Relevé 1 slips for 2015.
2015/12: Canadian Federal and Provincial Sales Tax Rates
Here is a summary of the Canadian Federal and Provincial Sales Tax Rates currently in effect.
New Filing Requirements: Closely Related Group Elections for GST/HST and QST
Fall is officially here, and we are all settling back to our regular work schedules now that the children are back in school and our summer vacations are a fading memory. Among the measures included within the February 2014 Federal Budget is a new filing requirement for the closely related group election for GST/HST and […]
2015/02: Automobile Expenses / Federal Personal Tax Credits
The rates for automobile expenses, deduction limits and the prescribed rates for determining taxable benefits on automobile operating expenses are as follows for 2015.
2015/02: Taxable Benefits in Brief
This issue of Tax Target will serve as a reminder of certain, often forgotten,
details regarding the preparation of T4 and Relevé 1 forms.
2015/02: Tax Information for 2015
Here are the deductions at source rates for 2015 and 2014 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Canada Pension Plan, Quebec Health Services Fund, Quebec Health Contribution, and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare T4 and Relevé 1 slips for 2014.
