by Padgett Accounting | Apr 5, 2022 | News
2022 Automobile Deduction Limits and Expense Benefit Rates For 2023 limits read here The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes has increased from $30 000 to $34 000 (plus applicable federal and provincial sales...
by Padgett | Jun 17, 2020 | News
Emergency Support Benefits Canada Emergency Wage Subsidy The CEWS program has been extended for another 16 weeks, ending August 29, 2020. Other regulatory changes were announced including: corporations formed by amalgamation, or where there has been a wind-up of one...
by Chris Hammond | Jan 7, 2019 | News
Tax Changes That Might Affect You Who doesn’t love a good business write-off? Did you purchase new assets after November 20, 2018? In the November 21, 2018 Fall Economic Statement, the federal government proposed three important and immediate changes to...
by Chris Hammond | Feb 1, 2018 | News
February brings many questions as tax season quickly approaches. One of the most common topics being automobile deductions. Updated for 2020, the ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000 (plus...
by Chris Hammond | Dec 7, 2017 | News
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...
