Basic Personal Amount The basic personal amount has been increased to $13,229 for 2020. What this means for you? The first $13,229 of your income is tax free! CPP (Canada Pension Plan) Contributions CPP rates for both employees and employers have increased to 5.25% in 2020 as compared to 5.1% in 2019. If you are … Continue reading Tax Changes in 2020 that you should know about!
We are almost in the tax filing season and as it is with everything it pays to plan ahead. So here I am to remind you of the deadlines for 2020 Tax Season. If you need help with tax filing please feel free to contact us and we will be glad to work with you … Continue reading Important Tax Deadlines to note for 2020 Tax Season!
Did you know that income tax is the single biggest expense for most Canadian families? So when there are new tax updates, you should stay informed!! Continue reading Tax changes you need to know for 2019!!
It pays to plan for tax season ahead of time because who wants to pay CRA anyways! and it’s not too late. Continue reading Tax Season is upon us!! Here are 8 tax tips to help you get more of that refund 😉
November is Financial Literacy Month in Canada. Continue reading It pays to be well informed about your finances
