2013 Limits and Rates Related to Automobile Expenses and Federal Personal Tax Credits

Automobile Expenses The rates for automobile expenses, deduction limits and the prescribed rates for determining taxable benefits on automobile operating expenses are as follows for 2013. Personal Income Tax Parameters The following table shows the Federal personal income tax parameters for 2013 in comparison to those for 2012. If you wish to print these tables,…

Taxable Benefits in Brief – 2013

This issue of Tax Target will serve as a reminder of certain, often forgotten, details regarding the preparation of T4 and Relevé 1 forms. Automobile Benefits Automobile benefits are the total of the stand-by charge and the operating benefit. 1. Stand-by Charge (a) Stand-by charge on automobile owned by Company =  A/B x [2% x (C x D)] A/B…

Tax Information for 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…

Nominations now open for 2013 Fuller Landau Family Business Awards

John Molson School of Business and Fuller Landau begin search for outstanding family-owned businesses MONTREAL, January 9, 2013 – 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.  Now in its third year,…