2015 Q1 Tax Tips & Traps Newsletter

The 2015 1st quarter edition of tax Tips and Traps is out! In this edition: Tax ticklers - Quick points to consider Family Tax Cut - Income splitting for families with children Canada Job Grant - Government funds available Employment Expenses - Are You Eligible? Government Collection Policies - When you money other than taxes HST and Taxable Benefit - Impact on the employer…

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Income Splitting Expanded for 2014

The government recently announced new legislation that will expand income splitting to families with children. Back in 2007, the government announced pension income splitting that allowed those who have certain pension income to split up to half of the pension income with their spouse or common law partner. On October 31, 2014, the government announced the new Family Tax Cut as well…

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