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RRSPs and TFSAs — making the annual contribution

By Jones & O'Connell LLPAccounting, Auditing, Tax & Consulting NewsFebruary 11, 20190 comments
For most taxpayers, the annual deadline for making an RRSP contribution comes at a very inconvenient time. At the end of February, many Canadians are still trying to pay off the bills from holiday spending, the first income tax instalment payment is due two weeks later on March 15 ...

Apprenticeship training tax credit eliminated

By Jones & O'Connell LLPAccounting, Auditing, Tax & Consulting NewsJanuary 20, 20190 comments
The province of Ontario provided employers who hired and trained eligible apprentices in designated construction, industrial and motive power, and certain service trades with a refundable tax credit, the Apprenticeship Training Tax Credit (ATTC). The maximum such credit was $5,000 ...

Tax deadlines and limits for the 2019 tax year

By Jones & O'Connell LLPAccounting, Auditing, Tax & Consulting NewsJanuary 11, 20190 comments
Each new tax year brings with it a listing of tax payment and filing deadlines, as well as some changes with respect to tax planning strategies. Some of the more significant dates and changes for individual taxpayers for 2019 are listed below. RRSP deduction limit increased The ...

Owner/Managers: Are You Ready for the Tax Changes?

By Jones & O'Connell LLPCommentaryJuly 20, 20180 comments
Right around this time a year ago, we received the somewhat unexpected private company income tax proposals from our Federal Finance Department.  While they had hinted that these changes were coming, the form of these changes was a big surprise to many private company business owners ...
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