Canada’s federal government outlined a six-year investment tax credit this week that puts a 30% tax credit in place for solar, wind and energy storage projects deployed through March 2034. The Clean Technology ITC was included as part of the Canadian government’s March 28, 2023 Budget...
In the meantime, definitely take advantage of these federal tax credits: Eligibility criteria for the ‘Disability Tax Credit Certificate’? In order to be eligible for the Disability Tax Credit and the Canada Caregiver Credit you have to first get a Disability Tax Credit Certificate. A form call...
Find federal, provincial and territorial programs and services in one convenient location. Service Canada Labs Explore and try out digital services in their early stages and help us improve them. Community Outreach and Liaison Service Expands services within communities to increase awareness of and acce...
Canadians Paying Federal Taxes and Suffering Any Mental or Physical Impairment May Qualify For a Disability Tax Credit refund of up to $40,000. We Have Over 90% Success with Disability Tax Credit & CPP Disability Applications! If We Can’t Help You, No One Can! No-Win No-Fee! Find Out...
Canada FPT stands for “Federal-Provincial-Territorial” tax credits. Sometimes, they’re coded by banks as “Fed-Prov/Terr Canada.” The FPT payments for GST/HST credit are paid quarterly, on the fifth day of January, April, July and October. For the Canada Child Benefit, FPT payments ar...
children living at home, the entitlement to the eligible dependent tax credit can be complex. A case that was decided recently in federal Tax Court shows the importance of separation agreement wording in deciding which parent will be able to claim the credit. Tax expert Jamie Golombek explains ...
Federal benefitslike the Canada Child Benefit, GST/HST credit andCanada Carbon Rebateare tied to your tax return. So, if you're a student,filing your taxeson time can ensure that you start to or continue to receive any benefits and credits you're eligible for. ...
This update reflects the current Canadian tax landscape, but it's crucial to consult with tax professionals or refer to official government sources for the most accurate and up-to-date information, as tax laws are subject to change. Corporate Income Tax: Federal Rate: The general federal corpo...
June 13, 2023:2023 federal budget: Canada has committed $83 billion to foster decarbonization of the economy June 5, 2023:Proposed amendments to the Valuation for Duty Regulations March 21, 2023:ITA Part XX: new tax reporting obligations for digital platform operators to be introduced on ...
Both the United States and Canada provide workers with a guaranteed income when they reach retirement age but these federal pension plans differ from each other in several ways. Canada's Old Age Security Canada has a three-part system: