by Moneyman Financial Inc. | May 1, 2024 | Accountants, Blog, Buy Sell, corporate, Family, financial advice, Financial Planning, incorporated professionals, individuals, Investment, tax
One change proposed in the April 16, 2024 Federal Budget is raising the inclusion rate on capital gains from 50% to 66.7%. For individual taxpayers, the initial $250,000 of capital gains remains taxed at the 50% inclusion rate. However, for corporations and trusts,...
by Moneyman Financial Inc. | Dec 29, 2020 | 2020, Accountants, Blog, Business Owners, tax
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400. Taxpayers will still be able to claim under the existing rules if they choose using...
