Income tax

Wall Street bonuses hit historic highs

The average Wall Street bonus last year is the third-highest on record, reports Reuters, and it’s the biggest payout since the 2008 crash.

By Staff |March 12, 2014

1 min read

Tax News

What happens to unreported pension income?

Penalties are harsh, so make sure clients include it correctly

By Jamie Golombek |November 12, 2013

3 min read

Tax News

Understanding clawbacks

Which tax rates are clients really paying?

November 12, 2013

3 min read

Tax News

Tips to use the T1135

CRA has expanded the T1135 Foreign Income Verification Form, and the new version applies to tax years starting after June 30, 2013.

By Stella Gasparro |October 1, 2013

3 min read

Tax News

Dividends still best for business owner

In 2013, it was generally more tax-efficient to earn business income as non-eligible corporate dividends everywhere but Quebec and P.E.I. After the proposed changes, however, it will be more tax-efficient to earn business income as regular income in six out of 10 Canadian provinces.

By Dean DiSpalatro |October 1, 2013

4 min read

Economic Indicators

Blame high taxes when your favourite NHL team loses

High taxes make Toronto, Ottawa and Montreal three of the least financially-attractive destinations for NHL players, finds a new paper by the Canadian Taxpayers Federation.

By Staff |September 27, 2013

2 min read