Travelling expenses include food, beverages and lodging expenses but not motor vehicle expenses.
How to deduct employment expense – travelling expenses
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Author: Simon Zhong
CCA Class 8
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Class 8 with a CCA rate of 20% includes certain property that is not included in another class.
CCA Class 1
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Class 1 includes most buildings acquired after 1987, unless they specifically belong in another class.
How to deduct employment expense – food and beverages
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If you are required by your employment contract to work away from your employer’s place, you can deduct food and beverage expenses under certain conditions.
How to determine the GST/HST rate for inter-provincial sales of goods – examples
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Example 2: A supplier in Alberta sells goods to a purchaser in Ontario Based on the terms of the agreement, legal delivery of the goods will occur in Alberta. However, the supplier agrees to have the goods shipped to the purchaser in Ontario. Although legal delivery of the goods will occur in Alberta, delivery of…
Place of supply rules
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Generally, when a good is sold, the supply of the good is deemed to have been made in a particular province, if legal delivery of the good to the purchaser occurs in that province.
Maximum annual RRSP contribution limits by year
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The following table shows the history of the maximum annual RRSP contribution limit.
Maximum annual RRSP contribution limits
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The following table shows the maximum annual RRSP contribution limit.
Half-year rule
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The half-year rue restricts the capital cost allowance (CCA) on net acquisitions (consisting of additions for the year less the lesser of original cost and proceeds of disposition for the year) in the year to one-half of the normal claim.
Basic CPP exemption for various pay periods
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When you are calculating an employee’s CPP contribution, you have to prorate the basic CPP exemption. The following table shows the prorated amount of basic CPP exemption for various pay periods.