On our last blog, we listed the highlights of the tax plan. In this blog, we’ll look into the details of these highlights. - A new Interactive Digital Media Tax Credit worth 25% of eligible labour costs: The new refundable tax credit was created to attract and retain employment and investment in a growing global industry. This tax credit will provide eligible interactive digital media companies with a benefit worth 25% of eligible labour costs incurred after April 1, 2018. - An extension of the Alberta investor Tax Credit and Capital Investment Tax Credit to 2021-22: The Alberta Investor Tax Credit...
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The Alberta Budget 2018 focuses on maintaining a competitive tax system to promote investment, economic diversification and make life more affordable for all Albertans. The 2018 tax plan’s highlights include: - A new Interactive Digital Media Tax Credit worth 25% of eligible labour costs.- An extension of the Alberta investor Tax Credit and Capital Investment Tax Credit to 2021-22.- Indexation of the personal income tax system, saving Albertans $65 million in 2018.- Holding the total amount collected from education property taxes steady at the 2017-2018 level.- Confirmation of the tax revenue collection mechanism for cannabis. Alberta Budget 2018 mentions that our...
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If you are applying for the Disability Tax Credit (DTC), you can now get a nurse practitioner to fill out and sign your Form T2201, Disability Tax Credit Certificate. The Federal Government made a change to recognize nurse practitioners as one of the medical practitioners who can certify Form T2201 through Budget 2017. This change will provide a huge benefit for individuals applying for the Disability Tax Credit who live in an area where a nurse practitioner is their first point of contact. This ensures that all Canadians who want to apply for the DTC will be able to do so...
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Here are some of the important things you need to know this tax filing season. April 30, 2018: Most Canadian income tax and benefit returns for the tax year 2017 are due on April 30, 2018. June 15, 2018: If you or your spouse or common-law partner is self-employed, you have until June 15, 2018 to file your income tax returns. Express NOA: Tax preparers using certified tax software will be able to print a notice of assessment right after filing. Canada Post outlets: Canadians can now make in-person payments using cash or debit card at any Canada Post outlet. Extended...
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