Ontario Executors Face New Probate Filing Rules
Ontario Executors Face New Probate Filing Rules
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New Income Tax Rules Coming for Life Insurance Policies in Holding Companies
New income tax rules for life insurance will come into effect in a little over a year, with significant impact on estate plans. Here are strategies ahead of time…. Read more…..
2015 and 2016 Combined (Fed and Ont.) Tax Rates
2016 Combined Rates ( Federal and Ontario) 2015 Combined Rates ( Federal and Ontario) Tax Brackets Tax Rates Tax Brackets Tax Rates First $41,536 20.05% first $40,922 20.05% over $41,536 up to $45,282 24.15% over $40,922 up to $44,701 24.15% over $45,282 up to $73,145 29.65% over $44,701 up to $72,064 31.15% over $73,145 Read more about 2015 and 2016 Combined (Fed and Ont.) Tax Rates[…]
Ontario’s minimum wage increasing as of Thursday to $11.25
Ontario’s minimum wage is increasing to $11.25 per hour, up from the $11 per hour it has been since June 2014. For students $10.55 per hour, up from the $10.30. This rate applies to students under the age of 18 who work 28 hours a week or less when school is in session, or work Read more about Ontario’s minimum wage increasing as of Thursday to $11.25[…]
8 things you need to know before claiming new family tax cut
Call it income splitting-lite. The version of the family tax credit announced by Prime Minister Stephen Harper last October was a tweaked version of a family income-splitting announcement he’d first made in the throes of the 2011 election campaign. Read more……
CRA phone scam uses fear of tax man to swindle ‘not so smart’ Canadians
Canadians across the country are falling victim to a phone scam where the fraudster poses as an agent with the Canada Revenue Agency. People are told they owe tax money and must pay up. CBC News – CRA phone scams
Ontario Employment Standard Poster
To help ensure that employers understand their obligations and that employees know their rights, the Minister of Labour has prepared and published an Employment Standards Poster entitled “Employment Standards in Ontario”. Employers are required to post the most recent version (6.0) of the Employment Standards Poster published by the Minister of Labour in the workplace Read more about Ontario Employment Standard Poster[…]
KPMG offshore ‘sham’ deceived tax authorities, CRA alleges
A wealthy Victoria, B.C., family paid virtually no tax over a span of eight years – and even obtained federal and provincial tax credits – while being involved in an offshore tax “sham” developed by one of the country’s most respected accounting firms, the Canada Revenue Agency alleges. Read more….