Blog posts tagged in 2015
Here is the latest update on your GST/HST return. According to the CRA website, the CRA will be providing GST/HST registrants with a new and unique access code on the GST34-2, Goods and Services Tax/Harmonized Sales Tax Return for Registrants or GST34-3, Goods and Services Tax/Harmonized Sales Tax Electronic Filing Information starting October 19, 2015. GST/HST registrants will be able to change their access codes to one of their choice by going to www.cra.gc.ca/gsthst-accesscode. They will then be using this access code to file all future GST34-2s or GST34-3s.
In addition to this, changes on how often registrants will receive their...
We in Alberta have all been waiting to see if the NDP is going to be our doom, and /or waiting to see if it is time to move. The government released the first NDP budget in the history of Alberta, and the world has not ended, yet. Below I will summarize the major tax items at least to the extent we have quantifiable information. Personal Income Tax 1. Alberta will no longer have a flat tax on personal income. Below are the published personal tax rates for 2015 and 2016 personal taxes. 2. The proposed health care levy will NOT...
We have heard a lot of things during the election about what various parties would or would not do. Now that we know the outcome it is time to look at the reality of what the Liberals proposed and presumably will enact. Since I am an accountant and since most people are mainly concerned with taxes I am going to look at the specifics that will affect your income taxes.
Personal Income Tax 1. Reduce the middle income tax bracket rate from 22% to 20.5% 2. Create a new income tax bracket of 33% for taxable income over $200,000 per year...
Here are more of the things you need to know about the tax filing season next year.
Online mail - When you register for online mail, you'll have instant access to your tax records anytime, anywhere. Choose to receive an email notification that your notice of assessment or reassessment is available online. Provide us with an email address on your T1 return or register directly online starting February 2015 at www.cra.gc.ca/myaccount.
Mobile application: In February 2015, the CRA will be launching a mobile app for individual taxpayers.
Medical expenses - Amounts paid as salary for designing of personalized therapy plans for...