For this 2016 personal taxation year, Foundations LLP would like to remind our clients that the sale of your home must be reported on your personal income tax return. The principle residence exemption would make any gain on your home… Read More
News
Unfortunately, the issues involving Canada Post is unresolved and a lockout or strike is pending. Only essential cheques (Canada child benefit and Working income tax benefit cheques) may be delivered. During a postal disruption, Foundations LLP suggest that you go to Canada… Read More
In 2007 through 2014, the Federal government had non-refundable tax credit available to parents with dependent children under the age of 18 that ordinarily lived with them. When you look at your 2015 personal tax return this year, you will… Read More
FRAUD WARNING It is tax season again and fraudsters will use this opportunity to attempt to scam personal and corporate tax payers out of their hard earned money. Please be aware that fraudsters impersonating Canada Revenue Agency (CRA) can contact… Read More
Canada Revenue Agency (CRA) is switching to direct deposits for all tax refunds and benefit payments. Foundations LLP reminds you to update your banking information to avoid delays. CRA offers several ways to update your banking information such as online,… Read More