Mileage rates for 2019

2019 Automobile Deduction Limits and Expense Benefit Rates for Business 2019 Automobile deduction limits and the prescribed rates for the automobile operating expense benefit that will apply in 2019 are as follows: The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes will remain at $30,000 (plus applicable federal and … Read more

Tuesday Tax Tips – Week 2 – Family Caregiver Amount

The second in a series of weekly blog posts till the end of April with some tax items you may not be aware of. If you are supporting a dependent who is physically or mentally challenged, you may be eligible to claim the Caregiver amount. From the Canada Revenue Agency(CRA) website:  The family caregiver amount (FCA) helps Canadians … Read more

Minimum Wage increases June 1, 2014 in Ontario!

Minimum wage is going up on June 1, 2014.  The new rates that must be paid to an employee are as follows:              General minimum wage –            $ 11.00 per hour (currently $10.25)             Student minimum wage –            $ 10.30 per hour -under 18 (currently $9.60)             Liquor servers minimum –           $ 9.55 per … Read more

Mileage Rates for 2014

Mileage Rates for 2014 There are no changes to the mileage rates for 2014.  Rates in existence for 2013 remain. Check out the Government of Canada Press Release for full details. http://www.fin.gc.ca/n13/13-170-eng.asp        

I’m a mean mom, just ask my kids, or “How I taught my kids to save for post-secondary education”

My husband Brook wanted to be an electrical engineer.  We met as he was heading off to Ottawa University.  Unfortunately with little money saved and parents unable to help, he had to leave at Christmas time due to lack of funds.  He ended up going on to college and graduated an engineer technologist. Fast forward … Read more

2013 Federal Budget

Finance Minister Jim Flaherty presented the 2013 Federal Budget today.  Jobs, Growth and Long-Term Prosperity the Top Priority of Canada’s Economic Action Plan 2013 Connecting Canadians With Available Jobs by equipping them with the skills and training they require to obtain  high-quality, well-paying jobs. Helping Manufacturers and Businesses Succeed in the Global Economy by enhancing … Read more

Mandatory WSIB for the construction industry in Ontario

The Ontario government has changed the law to expand coverage in the construction sector.  The new rules began on January 1, 2013. WSIB coverage is mandatory for the following people who carry on a business in construction: independent operators, sole proprietors, partners in partnerships and executive officers in corporations. For more information and an online … Read more

New Mileage rates for 2013

Government Announces 2013 Automobile Deduction Limits and Expense Benefit Rates for Business 2013 Automobile deduction limits and the prescribed rates for the automobile operating expense benefit that will apply in 2013 are as follows: The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes will remain at $30,000 (plus applicable … Read more