2006 News & Tax Tips
December 2006
Congratulations to Charanjit Brar and Ryan Prystai
The partners extend their congratulations to Charanjit Brar and Ryan Prystai on their successful completion of the Uniform Evaluation (UFE), the final hurdle towards their CA designation. The …
December 2006
Year End Tax Planning
Another year has almost passed, and it is time to ensure our tax matters are in order. Too often individuals think of their tax situation in February (RRSP time) and April (tax filing time) and at n…
November 2006
Proposed Tax on Income Trusts
As noted in the October 2006 tax tip, the government included changes to the taxation of dividend income from Canadian corporations in the May 2, 2006 budget. These changes were in response to the p…
October 2006
Taxation of Dividends from Canadian Corporations
In late 2005 the former federal Liberal government announced proposed changes to the taxation of dividend income from Canadian corporations. This was in response to the proliferation of income trust…
September 2006
Donation of Publicly-Listed Securities – An Update
The donation of publicly-listed securities was addressed in our tax tip of November 2001. At that time, the government had just made permanent the 1997 temporary measure which allowed a reduction of…
August 2006
Scientific Research and Experimental Development (SR&ED)
The Canadian tax incentives for Scientific Research and Experimental Development (SR&ED) are some of the most generous in the world; however, many business fail to take advantage of these incent…
July 2006
Tax Credit for Public Transit Passes
In the Federal Conservative budget of May 2, 2006, a tax credit for public transit passes was introduced. The purpose of this credit is to encourage the use of public transit. The proposed tax …
June 2006
July 1, 2006 Reduction in the GST
In the Conservative government’s budget on Tuesday May 2, 2006, it announced a decrease in the goods and services tax by 1 percentage point as of July 1, 2006. For residents of provinces other…
May 2006
May 2, 2006 Federal Budget
The Conservative party presented its 2006 budget on Tuesday May 2, 2006. It contained many proposals which had been part of the Conservative election platform. Since the Conservative government has …
April 2006
Adoption Expenses Non-Refundable Tax Credit
In the 2005 Federal budget, a non-refundable tax credit for adoption expenses was introduced. This legislation has not yet been passed into law, but claims can be made starting with the 2005 income …
March 2006
Tax Credits for Supporting Elderly or Infirm Dependants
It is once again time to prepare your tax return for last year. Everyone is interested in (legal) ways to reduce the tax bite. If you are supporting infirm or elderly relatives there may be a tax cr…
February 2006
Registered Retirement Savings Plans (RRSPs)
It is RRSP season in Canada. Every February taxpayers rush around to contribute money to their RRSPs to reduce their taxes. There have been some changes to the RRSP rules in the past few years, with…
January 2006
Withholding Tax
If you are an investor, you may hold non-Canadian investments in your portfolio or your Registered Retirement Savings Plan (RRSP). When foreign investments pay dividends, interest or other distribut…
2006 News
Congratulations to Charanjit Brar and Ryan Prystai
Year End Tax Planning
Proposed Tax on Income Trusts
Taxation of Dividends from Canadian Corporations
Donation of Publicly-Listed Securities – An Update
Scientific Research and Experimental Development (SR&ED)
Tax Credit for Public Transit Passes
July 1, 2006 Reduction in the GST
May 2, 2006 Federal Budget
Adoption Expenses Non-Refundable Tax Credit
Tax Credits for Supporting Elderly or Infirm Dependants
Registered Retirement Savings Plans (RRSPs)
Withholding Tax
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