Essential tax numbers: Updated for 2025 | Advisor.ca
Nov 21, 2024 · The staff of Advisor.ca have been covering news for financial advisors since 1998.
Total TFSA contribution room to rise above $100K in 2025
Oct 15, 2024 · AdobeStock / Alex. The TFSA dollar limit will be $7,000 in 2025, matching the 2024 amount. That means the total contribution room available next year for someone who …
CRA announces CPP maximum pensionable earnings for 2025
Nov 1, 2024 · iStock / Bob Bosewell. The year’s maximum pensionable earnings under the Canada Pension Plan for 2025 will be $71,300, up from $68,500 in 2024, the Canada …
CRA updates guidance on underused housing tax | Advisor.ca
Mar 12, 2024 · AdobeStock / Reimar. The Canada Revenue Agency (CRA) has provided updated guidance on filing obligations for the underused housing tax (UHT), even though the related …
What the disability tax credit means for eligible Canadians and …
May 14, 2021 · iStockphoto Federal Budget 2021 proposed expanding eligibility for the disability tax credit (DTC) in the areas of mental functions and life-sustaining therapy. This is welcome …
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5 days ago · Canada’s 100 highest-paid CEOs earned $13.2 million on average in 2023: report. The top-paid CEOs earned 210 times more than the average worker
TFSA limit rises to $7,000 for 2024, officially | Advisor.ca
Nov 23, 2023 · AdobeStock / JHVEPhoto. The TFSA contribution limit for 2024 has been officially released. That limit is $7,000, up from $6,500 in 2023 and $6,000 in 2022.
Pros and cons of family trusts | Advisor.ca
Sep 25, 2024 · AdobeStock / Nishihama. While recent changes in federal tax policy may affect whether trusts represent the best planning strategy for some families, the vehicles still have …
Does your employer have to provide Form T2200? | Advisor.ca
Feb 16, 2024 · AdobeStock / Anna Stills. Many Canadians will be asking their employer for a signed Form T2200: Declaration of Conditions of Employment to allow them to claim …
Filing the deceased’s income tax return | Advisor.ca
Nov 29, 2023 · AdobeStock / NongAsimo. Executors have a duty to file tax returns and pay any tax liabilities on behalf of the deceased. As the legal representative of the deceased for the …