CRA publishes prescribed interest rates each quarter. If you are in arrears to the government, for example, late in paying your income tax instalment, you will be charged interest.
This new online form was created to make applying for the DTC an easier and more efficient process. Applicants no longer need to print out the form and take it to their doctor.
Many Canadians love their family cottage and expect to pass it on to the next generation. But the rising value in real estate can offer a real problem that may make it impossible for the legacy of the cottage to live on. As a secondary residence, capital gains tax kicks in and can be substantial, but there are ways to minimize the impact.
Assuris protects Canadians holding individual and group life and health insurance policies issued by member companies should the insurer fail.
On March 8, 2007, at the Inn at The Forks, we hosted an event called “Identity Theft: How to Protect Yourself”. Sixteen years later, identity theft is more prevalent than ever.
A client recently shared her story of identity theft with us, here’s what happened in her words.
QUICK OVERVIEW: WHAT IS A TAX-FREE SAVINGS ACCOUNT (TFSA)? First introduced in the 2008 Federal Budget by then Minister of Finance, Jim Flaherty, the TFSA was made available to Canadian residents over the age of 18 on January 1st, 2009. This was a timely introduction,...