Tax System Indexation On January 1, 2016, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 1.3%.
Author Archive for: ChrisHammond
About Chris Hammond
This author has yet to write their bio.Meanwhile lets just say that we are proud Chris Hammond contributed a whooping 35 entries.
Entries by Chris Hammond
When Do You Have to Remit GST/HST on the Benefits and Allowances? Did you know that GST/HST must be remitted on a taxable benefit unless the benefit is tax exempt or zero-rated, for example the benefit on low-interest loans? An example of a tax benefit that is not exempt includes the automobile standby charge and […]
A will specifies your instructions as to how your assets will be distributed on your death. In the will, you name an executor to act as your personal representative and to deal with all the tax, investment, administrative, and other duties involved in distributing and overseeing your assets as per your instructions.
Parents quite often make loans to their adult children to help them purchase a car, a home, or for other reasons. A loan is different from a gift.
Tax Preparation, Bookkeeping and Payroll Services in Westshore, BC Padgett Business Services at the corner of Sooke and Kelly road (more on Kelly) is your local, young and fun place to have your accounting, payroll and tax needs met. As you can see from our picture above, we love what we do and care about […]