Reid & Miller Chartered Professional Accountants

Tax Tips

When to Deduct an RRSP Contribution You don’t have to deduct an RRSP contribution the year in which it is made; instead, you can carry it forward for deductions in a future period when you have income placing you in a higher tax bracket. Be sure to have utilized all personal tax credits before deducting… Continue reading Tax Tips

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Categorised as Tax Tips

Small Business

Benefits and Allowances Chart The latest information from the Canadian Revenue Agency on Benefits and Allowances Chart. Click here Business and Professional Income The latest information from the Canadian Revenue Agency on Business and Professional Income. Click here Business Expenses The latest information from the Canadian Revenue Agency on Business Expenses. Click here Business Use… Continue reading Small Business

Links and Forms

Links of Interest Certified General Accountants of Manitoba Institute of Chartered Accountants of Manitoba Human resources for employers Roles and responsibilities of a Board of Directors Employer guide taxable benefits and allowances Services Canada – Canada Pension Plan application Services Canada – Home PageIncludes links to:Old Age SecurityRetirementEducation and TrainingEmployment InsuranceAnd More

Individuals and Families

All Rates The latest information from the Canadian Revenue Agency on All Rates. Click here Allowable Medical Expenses The latest information from the Canadian Revenue Agency on claiming Allowable Medical Expenses. Click here Gifts, Awards and Social Events The latest information from the Canadian Revenue Agency on Canadian Registered Charities Carrying Out Activities Outside Canada.… Continue reading Individuals and Families

Important Dates to Remember

RRSP March 1 is the deadline for contributing to an RRSP for the previous tax year. December 31 of the year you turn 71 years of age is the last day you can contribute to your own RRSP. Home Buyer’s Plan You have to buy or build the qualifying home before October 1 of the… Continue reading Important Dates to Remember

Forms

Authorization of a Representative – T1013 The latest information from the Canadian Revenue Agency on Authorization of a Representative. Click here Business Consent Form RC59 The latest information from the Canadian Revenue Agency on Business Consent Form. Click here Disability Tax Credit Certificate The latest information from the Canadian Revenue Agency on Disability Tax Credit… Continue reading Forms

Charities

Canadian Registered Charities Carrying Out Activities Outside Canada The latest information from the Canadian Revenue Agency on Canadian Registered Charities Carrying Out Activities Outside Canada. Click here Charities Listings The latest information from the Canadian Revenue Agency on the Charities Listings. Click here Charity Related Terms and Definitions Official Donation Receipt For Income Tax Purposes… Continue reading Charities

Articles of Interest

Articles of Interest Charities Charities Forms Forms Individuals & Families Individual & Families Small Business Small Business