This Bulletin addresses the requirement of employers to withhold and remit CPP/QPP premiums from an employee’s pensionable earnings in 2012 and beyond.
This Bulletin addresses the requirement of employers to withhold and remit CPP/QPP premiums from an employee’s pensionable earnings in 2012 and beyond.
On June 11, 2009, Canada Revenue Agency released a 32-page document providing comprehensive guidance to charities on acceptable fundraising expenditures and practices. Douglas M. Parker, CA, CFP delivered a seminar to several clients in the Quinte and Kingston areas on these new guidelines. The topic was entitled "CRA and Charities - The War is On" and the presentation covered three main areas - the revocation of charitable status of registered charities; the reassessment of donors for investing in "tax shelter" donation programs; and the new guidance on fundraising expenses.
In May, 2009, Douglas M. Parker, CA, CFP delivered a seminar to several clients and investors in the Quinte area. The topic was entitled "The Power of Dividends" and the presentation covered three main areas - the attraction of the after-tax income earned on dividends paid by Canadian publicly-traded securities; income splitting between family members using the low 1% prescribed rate; and the pending taxation of income trusts.
On January 27, 2009 the Federal government introduced the "Home Renovation Tax Credit", or HRTC. This is a one-year program available only in the 2009 taxation year that provides a non-refundable tax credit of up to $1,350 per family for eligible expenses made between January 27, 2009 and February 1, 2010. Although the government has not yet released the legislation relating to the HRTC, Canada Revenue Agency ("CRA") has provided some guidance on what would be eligible under the program.
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