2013/12: Tax Information for 2014
Here are the deductions at source rates for 2014 and 2013 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 2013.
2013/08: Form T1135: New Reporting Requirements
On June 25, 2013, the Canada Revenue Agency (CRA) announced a revision to form T1135 (Foreign Income Verification Statement) as part of its measures to crack down on international tax evasion and aggressive tax avoidance. The revised form is applicable to 2013 and subsequent taxation years and will include the disclosure of substantially more detailed information with respect to each specified foreign property held.
2013/07: Canadian Federal and Provincial Sales Tax Rates
Further to the recent changes regarding the Harmonized Sales Tax (HST ) in Prince Edward Island and British Columbia, here is a summary of the Canadian federal and provincial sales tax rates effective April 2013.
2013/02: 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 2013.
2013/01: 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.
2013/01: Nominations now open for 2013 Fuller Landau Family Business Awards
Concordia University’s John Molson School of Business and Montreal-based accounting firm Fuller Landau LLP have begun their annual search for Quebec’s leading family-owned businesses for the 2013 Fuller Landau Family Business Awards.
2013/01: Tax Information 2013
Here are the deductions at source rates for 2013 and 2012 for Employment Insurance, Quebec Parental Insurance Plan, Quebec 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 2012.
2012/11: Changes to the Quebec Sales Tax System
Changes were announced in September 2011 which would almost harmonize the Quebec Sales Tax (QST)
with the federal Goods and Services Tax/Harmonized Sales Tax (GST/HST) legislation.
These changes go into effect January 1, 2013.
2012/08: IRS Announces New Delinquent Filing Compliance Procedures
On June 26, 2012, the IRS announced new filing compliance procedures for those U.S. persons (U.S. citizens, Green Card holders and resident aliens) living in Canada who have been delinquent in filing their U.S. income tax returns or the Report of Foreign Bank and Financial Accounts (“FBAR”). These catch-up tax filing compliance procedures appear to be the IRS’s easy pass route to allow tax amnesty to innocent non-filers, who present a low compliance risk.
2012/05: Quebec companies honoured at 2012 Fuller Landau Family Business Awards
Fuller Landau LLP and Concordia University’s John Molson School of Business announce the winners of the Fuller Landau Family Business Awards. Now in its second year, the awards recognize Quebec-based family-owned businesses whose policies and business practices have a positive impact on the community and stimulate economic growth.
