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The Alberta government has chosen to vary the Canada child tax benefit (CCTB) amounts based on the age of each child. For Alberta residents, the basic monthly benefit for the benefit year from July 2013 to June 2014 is:
The Alberta government has chosen to vary the Canada child care tax benefit (CCTB) amounts based on the age of each child. For Alberta residents, the basic monthly benefit for the benefit year from July 2012 to June 2013 is:
The Alberta government has chosen to vary the Canada child tax benefit (CCTB) amounts based on the age of each child. For Alberta residents, the basic monthly benefit for the benefit year from July 2015 to June 2016 is:
The deadline to file your SR&ED claim is the day that is 12 months after the filing due date of the income tax return for the year.
Once you determine a project that qualifies for SR&ED investment tax credit, you can claim the following expenditure associated with the project:
In accounting, there are different methods to value inventory. When it comes to income tax, there are specific rules your have to follow to value your inventory since the value you place on the items in your-year-end inventory is important in determining your income, and thus income tax.
If you file your income tax returns on time, you must retain your records for six years after the end of tax year to which they relate. For example, you must keep your records for your 2012 taxation year until the end of year 2018.
Goodwill is the excess of the purchase price of a business over the fair market value of the net assets of the business.
Assets are any property owned by a person or business. Assets include money, land, buildings, investments, inventory, cars, trucks, boats, or other valuables that belong to a person or business.
For income tax purposes, a business is an activity that you intend to carry on for profit and there is evidence to support that intention.