Tax Letters

lifeline for Canadian investors

Throw us a lifeline: Canadian investors with defunct shares gain tax relief with subsection 50(1) election

Date: May 2014

As investors, there may be times when you own shares of a company that are deemed worthless as a result of the company becoming bankrupt ...

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2014 Ontario Budget

Ontario Budget 2014 Tax Highlights

Date: May 2014

Today, Ontario Finance Minister Charles Sousa tabled the province’s 2014 Budget. This year’s budget proposes additional personal income taxes on income over $150,000, a new ...

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cover image of Federal Budget Commentary

Federal Budget 2014 Full Commentary

Date: February 2014

Download – Federal Budget Full Commentary 2014

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Federal Budget 2014 Tax Highlights

Date: February 2014

Finance Minister Jim Flaherty presented the “Economic Action Plan 2014” on February 11, 2014. In line with previous budgets and the Conservative government’s objectives to ...

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life insurance

How to extract tax-free corporate funds using life insurance—at least for now…

Date: January 2014

Life insurance gives a level of financial security for family members of the deceased. However, having a policy also has investment purposes or provides future ...

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Important 2013 Tax Reporting Deadlines

Date: January 2014

ALL EMPLOYERS By February 28, 2014 If you paid salary, employment commissions or employee benefits from January 1 to December 31, 2013, you must complete ...

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The honeymoon is back on for Canadian couples! CRA has announced prescribed interest rate decrease

Date: January 2014

CRA lowers prescribed rate for first quarter of 2014 to one per cent Now couples can split again without cheating…income split that is. The CRA ...

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over 65

Another reason to consider working beyond age 65

Date: November 2013

Increasing the potential value of your OAS benefit Old age security (OAS) is a benefit that is paid to eligible Canadian seniors who either apply ...

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Is your tax refund too high? Reducing your tax deductions at source

Date: November 2013

You’re an employee. Your employer diligently withholds tax, Canada Pension Plan (CPP) and Employment Insurance (EI), and remits these to the Canada Revenue Agency (CRA) ...

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2013 Tax Tips

Tax Tips 2013 – 31 Easily adaptable tax ideas for you and your family

Date: November 2013

Tax Tips was prepared for the general information of our clients and other friends of Crowe Soberman LLP. Specific professional advice should be obtained prior ...

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The honeymoon is over for Canadian couples: CRA expected to announce prescribed interest rate increase

Date: August 2013

An overview of the much-anticipated 1% prescribed interest rate hike Since April 1, 2009, high net worth families have been able to take advantage of ...

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Personal Income Tax Organizer 2012

Personal Income Tax Organizer 2012

Date: August 2013

Download – Personal Income Tax Organizer 2012

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