Abacus – Issue #78 – July 2019

Abacus – Issue #78 – July 2019

ISSUE JULY 2019 – Number 78 • Canada Training Benefit tax credit • RRSP Home Buyers Plan limit increase • More flexibility for pension annuities • Wholly-depend Person Credit disallowed • CCAs for zero-emission vehicules We invite you to forwar...

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Abacus – Issue #77 – January 2019

Abacus – Issue #77 – January 2019

ISSUE JANUARY 2019 – Number 77 • Inter-corporate dividends • Royalties qualified for small business deduction • Do you always need to file a tax return We invite you to forward this newsletter along to friends or colleagues who you think may fi...

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Abacus – Issue #76 – November 2018

Abacus – Issue #76 – November 2018

ISSUE NOVEMBER 2018 – Number 76 • Splitting pension income with your spouse • Tax-Free transfers to your corporation We invite you to forward this newsletter along to friends or colleagues who you think may find the information useful and inter...

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Abacus – Issue #75 – August 2018

Abacus – Issue #75 – August 2018

ISSUE AUGUST 2018 – Number 75 • Employee expenses claimed by shareholders; CRA backs down from Adler • Charitable donation receipts must meet every technical requirement • Canada child benefit indexed as of july 2018 We invite you to forward th...

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Abacus – Issue #74 – April 2018

Abacus – Issue #74 – April 2018

ISSUE APRIL 2018 – Number 74 2018 LIBERAL FEDERAL BUDGET • The federal government released its 2018 federal budget on 27 February 2018. Although this article does not address every aspect of the budget, there are several items that we wish to b...

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Abacus – Issue #73 – February 2018

Abacus – Issue #73 – February 2018

  IN THIS ISSUE (#73), FEBRUARY 2018 • LAST YEAR TO USE CHARITABLE DONATION STRETCH TAX CREDIT If you or a relative have not been making charitable donations and are considering doing so for the first time, 2017 would be the best year to start •...

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Abacus – Issue #72 – October 2017

Abacus – Issue #72 – October 2017

  IN THIS ISSUE (#72), October 2017 • RRSP HOME BUYERS’ PLAN Most withdrawals from your registered retirement savings account (“RRSP”) are included in you income. However, there are some exceptions. One of the main exceptions r...

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Abacus – 2017 – Issue 71

Abacus – 2017 – Issue 71

  IN THIS ISSUE (#71) CONSIDER THE TAXES • We help you develop a strategy for distributing earnings and reducing corporate and personal income taxes   ASSOCIATED CORPORATIONS • The concept of “associated” corporations is relevan...

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Abacus – 2017 – Issue 65

IN THIS ISSUE (#65) FEDERAL AND QUEBEC INCOME TAX CHANGES 2016-2017 CHANGES FOR INDIVIDUALS • Lower Taxes for Middle Class • Replacement of the Universal Child Care Benefit (UCCB) • TFSA – Tax-free Saving Account • Tax Credits to be Eliminated Progre...

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Abacus – 2016 – Issue 67

IN THIS ISSUE (#67) REGISTERED DISABILITY SAVINGS PLAN (RDSP) – Income and capital gains within the plan grow on a tax deferred basis -Those who qualify can receive up to $1000 per annum through the CDSG grant MEDICAL EXPENSES Canada Revenu Age...

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