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Claiming the Volunteer Firefighters’ or Search and Rescue Volunteers’ Amounts

2020-05-01T05:11:05-08:00

You can claim $3,000 for the volunteer firefighters' amount (VFA) or the search and rescue volunteers' amount (SRVA), but not both, if you meet the following conditions: you were a volunteer firefighter or a search and rescue volunteer during the year; and you completed at least 200 hours of eligible volunteer firefighting services or eligible search and

Claiming the Volunteer Firefighters’ or Search and Rescue Volunteers’ Amounts2020-05-01T05:11:05-08:00

The Special Tax on RESP Accumulated Income Payments

2020-05-01T05:05:53-08:00

An accumulated income payment (AIP) is a payment from your registered education savings plan (RESP) that is not: an educational assistance payment a payment to a designated educational institution in Canada a refund of contributions to the subscriber or to the beneficiary a transfer to another RESP repayments under a Canada Education Savings Program

The Special Tax on RESP Accumulated Income Payments2020-05-01T05:05:53-08:00

2018 B.C. Budget Sets Sight on Housing Affordability

2020-05-01T05:31:46-08:00

The B.C. government recently unveiled its 2018 Budget.  One of its key focus was on the province's housing market.  In an effort to reign in speculation and address housing affordability, the province is set to implement some new taxes, as well as, update some existing ones.  New provincial-federal programs will also be introduced

2018 B.C. Budget Sets Sight on Housing Affordability2020-05-01T05:31:46-08:00

Interest and Penalties on Your Personal Income Tax

2020-06-03T05:46:46-08:00

Interest If you have a balance owing for 2017, the Canada Revenue Agency charges compound daily interest starting May 1, 2018, on any unpaid amounts owing for 2017. This includes any balance owing if we reassess your return. In addition, the CRA will charge you interest on the penalties starting the day after your return is due.

Interest and Penalties on Your Personal Income Tax2020-06-03T05:46:46-08:00

Getting Ready for Your 2017 Income Tax Return

2020-06-03T05:48:28-08:00

As we approach the tax time, here are some answers to questions you may have.  1. Do you need to do your taxes? Doing your taxes is part of your responsibilities as a taxpayer. Doing your taxes means you have to fill out various forms, including the ones in the income tax packages. They

Getting Ready for Your 2017 Income Tax Return2020-06-03T05:48:28-08:00

Tax-Free Canadian Income

2020-06-03T05:50:10-08:00

Almost all income you earn in Canada is considered taxable income.  However, the Canadian government has deemed some income as exceptions to the taxable rule. You do not have to report certain amounts in your income, including the following: any GST/HST credit and Canada Child Benefit payments, including those from related provincial or territorial programs; child assistance payments and

Tax-Free Canadian Income2020-06-03T05:50:10-08:00

Do Not Fall for Tax Scams

2020-06-03T05:58:21-08:00

Did you receive an email from the Canada Revenue Agency (CRA) asking for personal information or to click on a link to get your refund? Did you see an ad in the paper that claims you don't have to pay taxes because you are two different people for income tax purposes? Did someone sell

Do Not Fall for Tax Scams2020-06-03T05:58:21-08:00
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