There was a lot on the chopping block this year. Let’s find out if your favorite tax credit made the cut for 2017. New Tax Credits The Canada Caregiver Amount is new for 2017. It replaces all these tax credits from prior years: • The Family Caregiver Amount • The Caregiver Amount or • The Amount for Infirm Dependents aged … Read More
Top 3 Tax Surprises for Sole Proprietors
We meet many small business owners for the first time during tax season. It isn’t unusual for them to have incomplete knowledge of their income tax responsibilities in regards to their business. These are the top three things that surprise them the most to learn. 1. CPP Contributions When you are self-employed, CPP contributions are calculated on your tax return. … Read More
