GB Pilley News

B.C. Home Owner Grant Threshold Increases in 2016

2016-07-08T13:15:22+00:00

Due to skyrocketing property values in Metro Vancouver, the B.C. government has raised the threshold for the Home Owner Grant for 2016.  B.C. residents who own homes valued up to $1.2 million may qualify to receive a full Home Owner Grant this year, while a partial grant may also be available if their homes are

B.C. Home Owner Grant Threshold Increases in 20162016-07-08T13:15:22+00:00

Government of Canada supports search and rescue volunteers with new tax credit

2014-02-20T18:16:47+00:00

The search and rescue volunteers tax credit will be available to search and rescue volunteers who perform at least 200 hours of eligible service during a year, and provides up to $ 450 in tax savings for these dedicated individuals as they serve their communities. The new tax credit builds on the Government’s record of

Government of Canada supports search and rescue volunteers with new tax credit2014-02-20T18:16:47+00:00

Home Owner Grant threshold rises with property values

2013-01-02T19:52:18+00:00

VICTORIA - More than one million home owners in British Columbia may be eligible to receive the entire Home Owner Grant again this year as the Province is increasing the threshold for the Home Owners Grant by $ 10,000 to $ 1.295 million to keep pace with rising property value assessments, Finance Minister Michael de

Home Owner Grant threshold rises with property values2013-01-02T19:52:18+00:00

Interest rates for the first calendar quarter

2012-12-06T13:33:14+00:00

Ottawa, Ontario, December 6, 2012… The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable legislation and will be in effect from January

Interest rates for the first calendar quarter2012-12-06T13:33:14+00:00

The Canada Revenue Agency highlights International Day of Persons with Disabilities

2012-12-03T18:01:58+00:00

Ottawa, Ontario, December 3, 2012… The Canada Revenue Agency (CRA) marked the International Day of Persons with Disabilities today by reminding Canadians that there are many credits and benefits available to persons with disabilities, as well as opportunities to save money in a registered disability savings plan (RDSP). Who is eligible? A person is eligible

The Canada Revenue Agency highlights International Day of Persons with Disabilities2012-12-03T18:01:58+00:00

Taxpayer relief deadline is December 31, 2012

2012-11-30T13:19:25+00:00

Ottawa, Ontario, November 30, 2012... The Canada Revenue Agency (CRA) reminds taxpayers and all tax registrants that they have until December 31, 2012, to file requests under the taxpayer relief provisions for the 2002 tax year and any reporting period that ended during the 2002 calendar year. The taxpayer relief provisions of the Income Tax

Taxpayer relief deadline is December 31, 20122012-11-30T13:19:25+00:00

New PST notices help businesses with return to PST

2012-11-21T11:06:49+00:00

VICTORIA - Businesses can find provincial sales tax (PST) exemption and application information for the return to a PST and GST system in recently released PST bulletins and notices. Government has released more than half-a-dozen publications providing plain-language guidance on the application of PST and related exemptions, subject to approval of the legislature, that B.C.

New PST notices help businesses with return to PST2012-11-21T11:06:49+00:00

New Guidance CG-017, General Requirements for Charitable Registration

2012-11-09T13:26:50+00:00

GuidanceReference numberCG-017 1. An organization must meet a number of general requirements to qualify for charitable registration under the Income Tax Act. After registration, registered charities (which include: charitable organizations, public foundations, and private foundations) must continue to meet all registration requirements in order to retain their registered status. Some of the main requirements relate

New Guidance CG-017, General Requirements for Charitable Registration2012-11-09T13:26:50+00:00

Canada Revenue Agency announces maximum pensionable earnings for 2013

2012-11-01T09:17:34+00:00

Ottawa, Ontario, November 1, 2012… The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2013 will be $ 51,100—up from $ 50,100 in 2012. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and

Canada Revenue Agency announces maximum pensionable earnings for 20132012-11-01T09:17:34+00:00

The Canada Revenue Agency: protecting Canadians from gifting tax shelter schemes

2012-10-30T13:57:49+00:00

Ottawa ON, October 30, 2012 - The Canada Revenue Agency (CRA) is taking steps to better inform and protect taxpayers from gifting tax shelter schemes. This is the time of year when promoters are heavily marketing their tax schemes to Canadians. For this reason, the CRA is reminding Canadians that if it seems too good

The Canada Revenue Agency: protecting Canadians from gifting tax shelter schemes2012-10-30T13:57:49+00:00