https://dytucofinancialservices.com/wp-content/uploads/2021/04/FEDERAL-BUDGET-2021.jpg 281 500 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2021-04-27 14:09:002021-04-27 21:24:03Federal Budget 2021 Highlights
On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections: • Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits. • Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining. • Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.
https://dytucofinancialservices.com/wp-content/uploads/2021/04/Whats-new-for-the-2021-tax-filing-season_.jpg 281 500 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2021-04-27 14:09:002021-04-27 21:24:03What’s new for the 2021 tax-filing season?
Tax season is upon us once again. But since 2020 was a year like no other, the 2021 tax-filing season will also be different. Due to all the changes in both where and how Canadians worked, the Canadian government has introduced some new tax credits and deductions to keep pace with these changes. Our article covers all of the following: • How to claim home office expenses • The new Canada Training Credit • Pandemic emergency funds • New digital news subscription tax credit
https://dytucofinancialservices.com/wp-content/uploads/2020/12/Up-to-400-for-home-office-expenses.png 563 1000 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2020-12-29 11:47:492020-12-29 20:51:07Government of Canada to allow up to $400 for home office expenses
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.
https://dytucofinancialservices.com/wp-content/uploads/2020/12/Highlights-of-the-2020-Federal-Fall-Economic-Statement@1000px.png 563 1000 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2020-12-07 15:42:082020-12-08 00:45:30Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
Finance Minister Chrystia Freeland recently provided the government's fall economic update. It included information on the government's strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We've summarized the highlights for you: • Corporate Tax Changes, including extensions to subsidy programs. • Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new "Work from home" tax credit. • Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields. For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.
https://dytucofinancialservices.com/wp-content/uploads/2020/01/rrspTFSA.png 512 1024 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2020-01-23 14:47:022020-01-23 23:00:19Comparing TFSAs and RRSPs – 2020
We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.
https://dytucofinancialservices.com/wp-content/uploads/2020/01/2020calendarFeaturedImage.png 512 1024 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2020-01-16 11:23:182020-01-16 19:33:142020 Financial Calendar
Financial Calendar for 2020- All the deadlines you need to know to maximize your benefits!
https://dytucofinancialservices.com/wp-content/uploads/2020/01/2020CheatSheetFI.jpg 810 1440 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2020-01-16 11:23:182020-01-16 19:36:082020 Financial Facts for Employees
2020 Financial Facts for Employees includes Consumer Price Index, Bank of Canada Interest Rate, Federal Income Tax Brackets, TFSA, RRSP, CPP, OAS, Probate Fees, Canada Child Benefit, Registered Disability Savings Plan and RESP Numbers.
https://dytucofinancialservices.com/wp-content/uploads/2020/01/2020CheatSheetFI.png 810 1440 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2020-01-16 11:23:182020-01-16 19:36:072020 Financial Facts for Business Owners
2020 Financial Facts for Business Owners include Interest Rate, Corporate Tax Rates, Employment Insurance Premium Rates, CPP Contribution Rates, Corporate Investment, Income Tax Rate, Limits Insurance- Types that are needed, Lifetime Capital Gains Exemptions
https://dytucofinancialservices.com/wp-content/uploads/2018/03/FederalBudgetFamilies2018-2.png 600 600 Dytuco Financial https://dytucofinancialservices.com/wp-content/uploads/2016/10/Header-image-Medy-Different-Perspective-smaller.jpg Dytuco Financial2018-03-04 22:00:002018-03-04 22:13:252018 Federal Budget Highlights for Families
Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family.
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The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)