What are the Northern Resident Tax Deductions? Northern Resident Tax Deductions involve the following two deductions. There is a residency deduction which applies if you lived in a prescribed zone and a deduction for travel benefits. This refers to whether you are employed in a prescribed zone that is a part of your income. How […]
What are the SR&ED Tax Incentives? The Scientific Research and Experimental Development (SR&ED) tax incentives are the largest program by the Government of Canada to support research and development. It provides more than $3 billion Canadian dollars in tax incentives every year to over 16,000 businesses. This incentive comes in three forms: Non-Refundable Investment Tax […]
The VISA / Mastercard Class Action Settlement In Canada, there were several class actions against a multitude of banks along with Visa and Mastercard. This credit card class action claimed that they conspired in order to set higher interchange fees and imposed rules that restricted merchants’ capacity in adding surcharges or to refuse higher cost […]
Freight Transportation Carriers You may be wondering, what are freight transportation carriers? This refers to services that transport goods including mail delivery and courier services. Additionally, it includes the services that are “incidental” to a freight transportation service like warehouse, packing and loading services that are provided by the carrier. This carrier supplies the freight […]
The Obligations Regarding Your Not-For-Profit Tax Return Filing If you manage a registered NPO and are wondering about your Not-For-Profit Tax Return Filing as well as any obligations that you may have, we’ve compiled a summary of any information that you will need to do so. All the information provided is sourced from the Government […]