BC – 2012 Corporate Tax Rates For 2012, British Columbia will levy a general corporate tax rate
of 10%. The small business threshold is $500,000, and qualifying
small business income under that threshold is taxed at a rate of
2...
BC – 2012 Personal Tax Rates and Brackets The B.C. government has announced the tax rates and brackets that
will apply to individual taxpayers in the province fo...
BC – Interest Rates—2012 The province of British Columbia levies and pays interest at
prescribed rates on underpayments and overpayments of tax with
respect to corporation capital tax, logging tax, and insurance
premium ta...
BC – Personal Tax Credit Amounts for 2012 For the 2012 tax year, the province will provide the following
non-refundable personal tax credit amounts:Basic personal amount
…………………&helli...
ON – 2012 Corporate Tax Rates As of January 1, 2012, Ontario levies a general corporate tax rate
of 11.5%, with that rate currently scheduled to be reduced to 11%
effective July 1, 2012.The small business threshold is $500,000,
an...
ON – Personal Tax Credit Amounts for 2012 For 2012, the province will provide the following non-refundable
personal tax credit amounts:Basic personal amount
………………………&he...
ON – SR&ED seminar schedule for 2011/12 The Ontario Ministry of Revenue, in conjunction with the Canada
Revenue Agency (the CRA), sponsors free seminars which provide
information on scientific research and...
ON – Tax credits and benefits Web site expanded The Ontario Ministry of Finance has posted on its Web site a
summary of the individual tax credits and benefits currently
provided by the province, together with information on the
individual and f...
SK – 2012 Corporate Tax Rates For 2012, Saskatchewan will levy a general corporate tax rate of
12%. Qualifying small business income below the small business
limit of $500,000 is taxed at a rate of 2%. Manufacturing and
processing...
SK – Capitalization limit increased for provincial LSVCCs The government of Saskatchewan has announced that, effective for
the 2011-12 tax season, the annual cap for Labour-Sponsored Venture
Capital Corporations (LSVCC) has been increased to $55 million....
SK – Interest Rates—2012 The province of Saskatchewan levies interest on taxes owed at a
rate prescribed by statute. The rate for the first half of 2012 is
as follows:January 1 – June 30,
2012 6.00%...
SK – Personal Tax Credit Amounts for 2012 For 2012, the province will provide the following non-refundable
personal tax credit amounts:Basic personal amount
………………………&he...
2011 individual income tax package available online The individual income tax package for the filing of personal tax
returns for the 2011 taxation year is now available on the Canada
Revenue Agency Web site....
2011 T2 corporation income tax guide issued by the CRA The Canada Revenue Agency (CRA) has issued the income tax guide to
be used by Canadian corporations in completing their corporate
income tax return for the 2011 tax year.The guide is current...
Automobile deduction limits and expense benefit rates for 2012 The Department of Finance has released the automobile expense
deduction limits and the prescribed rates for the automobile
operating expense benefit that will apply in 2012, and they are as
follows...
Eco-ENERGY retrofit program ends early The Minister of Natural Resources has announced that, as of January
28, 2012, his department has stopped accepting new registrations
for the federal EcoENERGY retrofit program. The program was orig...
Guide issued for e-filers of 2011 individual income tax returns The Canada Revenue Agency (CRA) has issued its guide for e-filers
of individual income tax returns for the 2011 tax year. The guide
outlines federal and provincial/territorial changes to the tax
re...
Inflation rate stands at 2.5% for January 2012 The latest issue of Statistics Canada’s Consumer Price Index
release shows that prices rose by 2.5% for the month of January
2012, as measured on a year-over-year basis. The rate for
December...
New CPP election form now available on CRA Web site Beginning in 2012, changes to the Canada Pension Plan will be made
which will affect Canadians who are between the ages of 65 and 70
and, although currently receivin...
Obtaining tax information slips online Recipients of certain types of government benefits, including Old
Age Security, Canada Pension Plan, and Employment Insurance can
obtain the tax information slips (T4A (OAS), T4A(P), T4E) needed
to...
Prescribed interest rates for 2012 The Canada Revenue Agency (CRA) has announced the interest rates
that will apply to amounts owed to and by the federal government
for the first quarter of 2012, as w...
Are your financial affairs getting complicated?
Do you wonder if you are paying more taxes than you have to?
Are you interested in planning intelligently for your future?
Moses Financial is a boutique firm offering comprehensive Accounting, Taxation and Financial Planning services in Canada. Our staff provides the highest quality professional services and guidance to a broad range of individual clients and small to medium sized businesses.
We are located in central Toronto. To set up a trial consultation call 416-487-6004 for an appointment with Robert Moses C.A.,CFP.
What Our Clients Say:
"I am so very pleased with the excellent service I continue to receive from Bob and his staff. Attentive, trustworthy and patient are just a few words to describe this team. They take great care of me and I wouldn't hesitate to recommend their services to anyone." -SC
"Thanks for all of your help on all things financial, it gives us great peace of mind." -VT
“Whenever I leave your office I feel like I’ve made money” –RK
“I can’t explain how much I appreciate your help” –GS
“Over the years Bob has provided me with warm, professional service and advice. Bob is a unique mix of hard-nosed financial guidance and personal caring.” -CN
“Thanks for excellent proactive suggestions regarding our taxes and selling in order to realize a capital loss. We have taken action on that and much appreciate your thoughtful assistance” –MN
“Thank you very much for the work you do! I feel blessed!” –ST
“Not only was the financial advice valuable, but your encouragement and judgment was too” –FR
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