Yearly Archives: 2009

Read more about the article Tax Free Employment Benefits
Business / Personal Finance / Tax Planning / Tax Tips

Tax Free Employment Benefits

The Income Tax Act requires that the value of all benefits be included in employment income and taxed accordingly. However, there are some provisions of the Income Tax Act and some administrative practices that may allow for tax-free payments. Non-Cash Awards - If your employer provides you with on-cash gifts for say, birthdays, Christmas, or for a wedding, then the value…

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December 14, 2009
Read more about the article Renting Property – A Little Tax Planning Can Go A Long Way
Real Estate

Renting Property – A Little Tax Planning Can Go A Long Way

So you have decided to take the plunge. You have a house and lot picked out. The price is right and it looks like you will have a positive cash flow. Perhaps you even have some renters in the pipeline all ready to move in. But you still have questions about the tax implications. A little tax planning now can…

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November 8, 2009