Archive for June, 2018

When you are turning 71 – the big RRSP decision

Thursday, June 28th, 2018

For several generations, reaching one’s 65th birthday marked the transition from working life to full retirement, and, usually, receipt of a monthly employee pension, along with government-sponsored retirement benefits. That is no longer the reality. The age at which Canadians retire can now span a decade or more, and retirement is more likely to be a gradual transition than a single event.

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Posted: Thursday, June 28th, 2018 | Categories: Tax Alerts.


Deciphering your Notice of Assessment

Friday, June 22nd, 2018

By the middle of May 2018, the Canada Revenue Agency (CRA) had processed just over 26 million individual income tax returns filed for the 2017 tax year. 

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Posted: Friday, June 22nd, 2018 | Categories: Tax Alerts.


ON – Province to reduce small business tax rate in 2018

Friday, June 8th, 2018

In the 2017 Economic and Fiscal Review issued on November 14, Ontario’s Minister of Finance announced that the provincial small business tax rate would be reduced, effective as of January 1, 2018, from 4.5% to 3.5%. That rate is paid by Ontario incorporated small businesses on their first $500,000 of active business income.

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Posted: Friday, June 8th, 2018 | Categories: Tax Alerts.


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