Tax

Feds post modest surplus in election-year budget

Federal Finance Minister Joe Oliver reported a $1.4 billion surplus in a long-promised balanced and pre-election budget he delivered here Tuesday. Despite lower oil prices, the government projects that Ottawa will stay in the black for the next four years, with surpluses increasing to $1.7 billion next year and reaching $4.8 billion in 2019-2020. However, […]

April 21, 2015

3 min read

$10,000 TFSA limit: what it means for clients

Clients, especially those with high incomes, will benefit from the TFSA contribution limit rising to $10,000, announced in the federal budget.

By Melissa Shin |April 21, 2015

3 min read

Lower RRIF rates; more changes to T1135

Budget 2015 has been released.

By Jessica Bruno |April 21, 2015

3 min read

Deducting legal fees

Legal fees are tax deductible in limited situations. For employees, fees are deductible if they’re paid “to collect or to establish a right to salary or wages owed”

April 20, 2015

3 min read