Bill 2, An Act to Restore Fairness to Public Revenues, was introduced by the Alberta Government. This bill will effect what they call the “high income earners” in Alberta. For corporations with taxable income above $500,000, their Alberta tax rate… Read More
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Every employee should receive a Record of Employment (ROE) form when they no longer work for your company. It is important to know that Service Canada has been standardizing the ROE forms and by the end of March 31, 2016,… Read More
The Universal Child Care Benefit (UCCB) will be increased to include children up to age 17 years old. For parents that have already signed up in the past, CRA will automatically give the enhanced UCCB payment starting July 2015 and… Read More
Family Tax Cut Proposal to introduce the Family Tax Cut, a new non-refundable tax credit of up to $2,000 for eligible couples with minor children based on the net reduction of federal tax that would be realized if up to… Read More