Canada Life’s new insurance product “My Par Gift” allows a client to pay one lump sum payment to fully pay for the policy. The client then receives a tax receipt from the charity of choice which becomes the policy’s owner and beneficiary. This product simplifies the donation of an insurance policy and solves the issue of insurance trafficking.
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.
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.