Do You Have to File a Tax Return?

A tax return must be filed if:

  • You have to pay income taxes for the year;
  • You have not repaid all amounts withdrawn from your RRSP under the Life Long Learning Plan;
  • You have to pay CPP because your pensionable income exceeds $3,500; or,
  • You received the working income tax benefit or you applied for advance payments. Read more

Employer-Paid Disability Premiums

Employer-Paid Disability Premiums

If you think that paying for your employee’s disability premiums is always a good thing, think again. If you provide your employees disability as a nontaxable fringe benefit, payments they receive upon their disability will be, in most cases, fully taxable to them! Read more