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Personal Income Tax & Benefit Amounts for 2020

Personal Income Tax & Benefit Amounts for 2020

The Numbers Behind Your Personal Income Tax Personal income tax law can be complex and interpreted in a number of ways. That’s why it’s important to discuss your specific personal or business needs with your accountant. Not just at tax time! They can...
Padgett joins forces with Intuit QuickBooks Canada

Padgett joins forces with Intuit QuickBooks Canada

PADGETT BUSINESS SERVICES®, a leading source for small business tax, accounting, payroll and business advice, and Intuit Canada, makers of QuickBooks, Canada’s leading financial management software, have joined forces to create greater efficiencies in Padgett’s...
Capital Gains, Losses, and Other Tax Planning Concerns

Capital Gains, Losses, and Other Tax Planning Concerns

Capital Gains Exemption Deduction The lifetime capital gains exemption deduction, if you dispose of shares in a qualified small business corporation, is $835,716, or $1,000,000 for a qualified farm property or qualified fishing property. If you have already claimed...
RRSP and Tax Planning

RRSP and Tax Planning

2018 is almost upon us as the year draws to a close. It’s time, once again, to take advantage of the many personal and business RRSP and tax-planning opportunities that are still available. Contribute to Your RRSP The most popular tax tool available to taxpayers is...