Posts Tagged federal budget

TAX HIKE EXPECTED FOR HIGH INCOME EARNERS

 The Liberal government of Prime Minister, Justin Trudeau, plans to increase taxes for high-income earners and to cut taxes for what they define as “middle class” in Canada. The new government plans to do this by reducing the federal tax rate to 20.5% from the ...

Comments Off on TAX HIKE EXPECTED FOR HIGH INCOME EARNERS   |   Posted in Latest News,Tax Planning February 13, 2016

Home Renovation Tax Credit

One of the new measures introduced by the 2009 federal budget was the Home Renovation Tax Credit. This non-refundable tax credit can be claimed if you make certain renovations to an eligible residence after January 27th, 2009 but before Feb.1, 2010. The credit will apply ...

Comments Off on Home Renovation Tax Credit   |   Posted in Tax Planning November 10, 2009