Many of the provisions that were announced in  Budget 2011 will be affecting the tax returns that will be filed in the upcoming tax season.  Are you familiar with all the changes?  Some of them could very well be of benefit to you!  Check out the changes here. Call us if you think some of them will be of use to you.

Filed under: Business tax, Personal Tax by David Boese No Comments »

2012 Personal Tax Credit Amounts

November 22nd, 2011

Canada Revenue Agency released the 2012 personal tax credit amounts today.  For anyone doing payroll, you’ll need to update your payroll tax credits with these new amounts on January 1 2012.  Bookmark this page.

This update also includes the new GST/HST Credit and Child Tax Benefit amounts.  If you like to do tax planning, you can take a look at the upcoming payment rates. No big changes, most rates have increased by the rate of inflation (2.8%).

Filed under: Consumer Tax, Personal Tax by David Boese No Comments »

Well not really actually.  But it’s kind of fun to pretend you are, with the new Nova Scotia Back to Balance website.  The (real) Finance Minister of Nova Scotia wants your help in balancing the budget.  You get to play with the numbers and see how hard it actually is!

Would you like to spike the income tax rate on high income earners? On big corporations?  Maybe you’ve always wanted to dramatically reduce the funding for the Department of Justice?   Here’s your chance to give it a try.

Take the budget out for a spin at

Filed under: Business tax, Consumer Tax, Other tips, Personal Tax by David Boese No Comments »

Family Caregiver Amount

November 18th, 2011

Starting with 2012, if you support an infirm dependent you will be eligible for a limited amount of tax relief.  The new $2,000 Family Caregiver Tax Credit will provide you with $300 tax savings.  A wide variety of infirm dependents will be eligible, including spouses, partners, children, parents, etc.

Read more about it here and here.

Filed under: Personal Tax by David Boese No Comments »