Online
Tax
Guide
Answers to Your Tax Questions
Individuals
- How long do I have to amend a tax return?
- What documentation can I discard after I’ve paid my annual income taxes?
- How do tax credits work and what are some of the most common?
- What tax breaks are avalable for medical expenses?
- How can I use a TFSA to its best strategic advantage with my RRSP
- I turn 71 this year. What are the implications of switching to an RRIF?
Businesses
- What documentation can we discard after our company pays its income taxes?
- What are the penalties for filing late income tax or GST returns?
- Do public shares in my small business qualify for the lifetime capital gains exemption?
- Does an advance CRA ruling cost anything?
- How do I account for asset transfers to a corporation from my business?
- Are capital gains on shares in my small business taxable?
- Can my business pay tax-free dividends?
Not-for-Profit Organizations
- What are the rules governing charities’ donations for political activities?
- What in-kind gifts are eligible for a tax receipt?
- How can our group resolve a dispute with the CRA?
- How does the public benefits test work?
- What should I know about my charitable donations and taxes?
- What penalty powers does the CRA have over registered charities?
More Information
Calculating Tax-Free Capital Dividends 
Capital dividend accounts let your company pay dividends that aren't subject to tax. Here are the ABCs of capital accounts and the considerations to make when you distribute a capital payout.
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This chart highlights critical federal tax information to help you plan your tax-minizing strategies for this year. The figures, which include personal and corporate tax rates are compared to the 2011 figures. Some are unchanged, some are indexed to inflation and others have changed because of legislation.
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The information in this Tax Guide is for general guidance only, and does not constitute legal advice, tax advice, accounting services, investment advice, or professional consulting. The information should not and may not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making decisions or taking actions, consult a professional adviser who has been provided with all pertinent facts relevant in your particular situation. Tax articles in this Guide are not intended to be used, and cannot be used, for the purpose of avoiding accuracy-related penalties that may be imposed on a taxpayer.
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Accounting firm specializing in tax, accounting, audit, attest, litigation support, business valuation, bookkeeping, QuickBooks, mergers and acquisitions, and business consulting.