advantage

Own Foreign Property That Needs to be Reported to CRA?

2015-12-10T15:49:29+00:00

Taxpayers who own specified foreign property costing more than $ 100,000 but less than $ 250,000 throughout the year can now file Form T1135, Foreign Income Verification Statement using a new simplified reporting method. All Canadian resident taxpayers are required to file Form T1135, Foreign Income Verification Statement if, at any time in the year,

Own Foreign Property That Needs to be Reported to CRA?2015-12-10T15:49:29+00:00

Take Advantage of the New First-time Donor’s Super Credit

2013-12-16T09:11:13+00:00

Did you know? The new first-time donor’s super credit gives you an extra 25{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} non-refundable federal tax credit when you claim your charitable donation tax credit. This means that you can get a 40{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} credit for up to $ 200 in cash donations and a 54{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} credit for the part of the cash donations that

Take Advantage of the New First-time Donor’s Super Credit2013-12-16T09:11:13+00:00