by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction Taxpayers can make deductions under their registered retirement savings plans (RRSP) deduction limit for 2008 with respect to contributions they have made or are going to make in the first 60 days of 2009. The Income Tax Act (the Act) is quite...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
What is an IPP? An IPP is a registered pension plan which provides the maximum defined benefits permitted by Canada Revenue Agency. As a retirement savings alternative to an RRSP, the IPP permits employees, including connected persons (10% + share ownership), to...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction Disabled taxpayers often incur extra costs because of their disabilities and tax law offers them some relief aimed at helping to compensate for those expenses. First and perhaps foremost, is the non-refundable disability tax credit. This is a...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Most companies that send employees to the United States on short-term assignments or business trips have the “183-day rule” ingrained in their consciousness. Many of these companies believe that as long as their employees do not spend more than 183...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
The following are some of the more important material required. This list is not all inclusive. Prior 3 years income tax returnsFamily data including:name of spousepartnerdate of birthsocial insurance numbercitizenshipNames of children including:dates of birthsocial...
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