ON - New program to support energy efficiency upgrades.
CRA to host webinar on determining employee status Determining whether a particular individual is an employee or a self-employed independent contractor can be difficult, and an employers responsibilities with respect to each are quite different.
Leasing costs Deduct the lease payments you incurred in the year for property used in your business.
Replacement property In some cases, you can postpone or defer recognizing a capital gain or recapture of CCA in computing income.Limited partnership A limited partnership is composed of one or more general partners and one or more limited partners.Cathy can also claim the 50 for meal and entertainment expense for two days at the 50 limit.If you pay your child by cheque, keep the cancelled cheque.You can deduct accounting and legal fees for advice and help with keeping your records.Specifically, the CRA will be providing businesses with two new, simplified.If the result is negative, enter "0." In some cases, you do not make a change in column.Access to Information Act.Line 8290 Reserves deducted last year Include any reserves amateur photo contests you deducted for 2015.
The Interactive Digital Media Tax Credit is a refundable tax credit claimable by corporations which incur qualifying labour expenses in the development of digital media products.
How to calculate your annual allowance CEC account Use the following chart to calculate your annual allowance and the balance in your CEC account at the end of your 2016 fiscal period.
Individual partners cannot claim CCA on property the partnership owns.You can make this choice as long as the property qualifies and the total FMV of all the property included in the lease is more than 25,000.If he had been insured for the entire year, his deduction limit would have been 1,500.Federal budgetary deficit of 1 billion for 2015-16 Final revenue and expenditure figures for the 2015-16 fiscal year have been released by the Department of Finance.For more information, go to the GST/HST Registry.For more information, see Interpretation Bulletin IT-273, Government Assistance General Comments.
Class 50 (55) Include in Class 50 with a CCA rate of 55 property acquired after March 18, 2007, that is generalpurpose electronic data processing equipment and systems software for that equipment, including ancillary data processing equipment.
CRA webinar on payroll deductions for businesses The Canada Revenue Agency (CRA) regularly holds webinars for businesses on how to fulfill their payroll reporting and remittance obligations.