Tax Return Checklist

IT’S THAT TIME OF YEAR AGAIN……TAX TIME! You must file your taxes by April 30, 2018 if you are an employee and receive a salary. You can file your taxes until June 15, 2018 if you are self-employed or a business owner. However, if you owe tax money to the Canada Revenue Agency (CRA), you …

2017 Insurance Tax Changes (Bill C-43)

The federal government has passed new tax legislation (Bill C-43) to revise and modernize the exempt test and related rules that determine how life insurance policies are taxed. These changes take effect on January 1, 2017 and will provide greater consistency in the tax treatment of life insurance products by Canadian insurance companies. New policies issued …