On December 17, 2017, the government released revised DRAFT legislative proposals which may be applicable January 1, 2018. The focus was on income splitting and Foundations LLP is now happy to say that there is now some clarity regarding the… Read More
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To all of our valued clients, please be advised that the May 1, 2017 deadline to file your 2016 personal taxes is fast approaching. Foundations LLP will continue to strive to process and file your tax returns in the order they have… Read More
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
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