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At the current rate of inflation, it will increase to 6,000 in 2019.
Ride-Sharing Services and Taxis The Federal 2017 Budget proposes to amend the definition of a taxi business to include ride-sharing services, so that these services will be required to register for and collect GST/HST regardless of their annual income level.
Revised draft legislative proposals will be released later in the fall, to be effective in 2018.
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Planning ahead is absolutely necessary if you're hoping to claim this exemption in the future!Rrsp Home Buyer's Plan The Home Buyer's Plan (HBP) allows you to borrow funds from your win 2003 iso image rrsp to buy or build a qualifying home.Interest Expense re Investments Interest expense incurred to earn investment income can be deducted as carrying charges on your tax return. .Borrowing to Invest in Stocks Before borrowing, you should read our article. .Tax Implications of Owning a Second Home or Cottage Unless it is used to generate income, a cottage or second home is normally considered personal-use property. .Disability Tax Credit (DTC) Do you qualify for the Disability Tax Credit? .Your Tax Return - Deductions From Income, Tax Credits Deductions from income save tax at your marginal tax rate, while most non-refundable tax credits are at the lowest personal income tax rate, with some exceptions. .Small Business Passive Investment Income, the Federal government announced on October 18, 2017 that the income earned from past investments will be protected, and a 50,000 threshold on passive income in a year will be available to provide more flexibility for business owners to hold.



Tobacco taxes will be increased July 1, 2017.
For example, if your net income for the previous year was higher than usual (e.g., you cashed in rrsps it could affect your eligibility for assistance for a period of time.
First-time Donor's Super Tax Credit (fdsc) If you made a charitable donation for the first time in 2016, take advantage of the federal First-time Donor's Super Tax Credit, which provides a 40 tax credit for donations of 200 or less, and a 54 credit for.
Nova Scotia Personal Tax Credits Enhancements.New Canada Caregiver Credit The new Canada Caregiver Credit proposed by the Federal 2017 Budget would replace the existing Caregiver Tax Credit, Infirm Dependant Tax Credit, and Family Caregiver Tax Credit, for 2017 and later years.BC is extending the education tax credit for 2017, and NWT is retaining the education tax credit (no end date was specified).Seniors 2017 Tax Comparison Dividends vs Interest We compare taxes paid in each province/territory by a senior with eligible dividends vs other income (foreign dividends, interest, etc.) - see how the taxes (including OAS clawback) are significantly lower with eligible dividends.Apply by Mail, you can also apply by mail using a paper application form: Mail the completed application form along with copies of a Notice of Assessment or Reassessment from Canada Revenue Agency for you (and your spouse Health Insurance BC, medical Services Plan.




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