Can I Deduct Meal Expenses Before or After a Round of Golf? April 17, 2013 Perception is reality, especially Canada Revenue Agency’s perception of legitimate business entertainment versus pleasure. Traditionally, the CRA has taken a very strict view on entertaining clients, employees, and suppliers at clubs, camps, lodges, golf courses, and on yachts. Unless your…

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March 4, 2016 While it is always a good idea to have some retirement savings set aside, the Canadian government has programs available that can supplement your retirement income.  There are two main federal government retirement programs:  the Canada Pension Plan, and Old Age Security.  When planning for retirement, there is some discretion as to…

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March 4, 2016 There are two main federal government retirement programs offered by the Canadian government:  the Canada Pension Plan, and Old Age Security.  In a previous tax tip, we discussed the characteristics of the CPP program and the impact of taking it early or deferring it to receive later.  This tip will focus on…

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A potential increase in the capital gains inclusion rate next budget could cause an increase in your tax bill March 14, 2017 Currently when a capital gain occurs, only 50% of the gain is considered “taxable”.  For a personal taxpayer, this 50% taxable capital gain is subject to the marginal tax rates of the taxpayer;…

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(ORPP) Deferred another year, possibly indefinitely! On February 16, 2016, the Ontario Government announced that they will defer the implementation of the ORPP another year from the original start date of January 1, 2017.  They are working with the federal government in attempts to enhance the current CPP and possibly eliminate the ORPP altogether.  If…

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