New CRA Forms for Treaty Benefits
Monday, March 12th, 2012
If you are making payments to a non-resident of Canada (such as dividends to a foreign parent company), and withholding less than 25% as a result of a treaty between Canada and the foreign jurisdiction, be advised that there are new forms that should be completed and retained on file. These forms should be renewed [...]
Changes to CPP
Friday, October 21st, 2011
If you are considering retirement and planning to collect CPP, particularly if you are between the ages of 60 and 65, the rules have changed. Previously, you had to stop working for 2 months in order to collect CPP benefits prior to age 65. Beginning January 1, 2012, this will not be necessary. On the [...]
Accidental American and deliquent tax filer? Ask the expert.
Monday, September 26th, 2011
Question: My parents spent one year living in New York City, and during that time I was born. I am a Canadian citizen and resident having only spent a precious few months of my life on US soil. How do I renounce my US citizenship – acquired by being born on American soil – so [...]
Do you know someone that is eligible for the disability tax credit?
Tuesday, August 9th, 2011
A Registered Disability Savings Plan (RDSP) is a government assisted savings plan for those individuals that qualify for the Disability Tax Credit (DTC). An RDSP can be created for someone who is eligible for the DTC. Contributions to an RDSP are not tax deductible and can be made until the end of the year in [...]
Duncan to present 2011 Ontario Budget on March 29
Wednesday, March 16th, 2011
Ontario Finance Minister Dwight Duncan will deliver the 2011 Ontario Budget on March 29, 2011. The Budget Lockup will be held in the Ontario Room of the Macdonald Block, 900 Bay Street, Toronto. Our tax team will be in attendance at the Budget Lockup to review the 2011 budget first hand. We will post our [...]
