Don’t miss these upcoming deadlines!!

For individuals, March 3, 2014 is the deadline for contributing to an RRSP for the 2013 tax year.  You can find out how much contribution room you have by: – checking your 2012 T1 Personal Return Notice of Assessment -accessing My Account on the CRA website – or by calling TIPS (Tax Information Phone … 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