But this may be offset by juicier payouts
There are also lots of other changes that could help curb the Tax Department’s appetite
Quick Access for individuals, a new e-service which provides basic tax information for Canadians Online, was launched Thursday by the Canada Revenue Agency.
Albertans like their cowboy hats big, their steaks bigger and their taxes simple. That’s the consensus from a panel of experts in the only province in Canada with a flat provincial income tax rate.For the past six years, residents of Canada’s fastest-growing economy have paid a 10% tax on their income, regardless of whether they […]
With a federal election just a failed non-confidence vote away, the Canadian Taxpayers Federation has presented some possible campaign fodder should the governing Tories be forced to drop the writ.The Ottawa-based advocacy outfit released a report on Jan. 17 calling on the federal government to move from four income tax rates down to two. The […]
The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2008 will be $44,900. That’s up from $43,700 in 2007.The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada.Contributors who earn more […]
Average Canadian only able to answer 3 out of 10 questions correctly
The Conservative government still has lots of promises to fulfil when it comes to tax reform
Advisors are obliged to give clients parallel advice — how current legislation applies to them and how amendments could apply
Tax rate cuts, tax credit hikes and increased tax brackets should be welcome