GGFL TAX NEWSLETTER - FALL 2009
Paying a Spouse for Administrative Services may not be Pensionable Employment for CPP Purposes
Under the Canada Pension Plan (CPP), contributions from both the employer and employee are required where there is "pensionable employment." The CPP contribution rate in 2010 will remain at 4.95% (subject to a maximum dollar amount of $2,163.15) for both the employer and employee.
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More on Claiming Moving Expenses - Moving for a Change to Full-Time Work can be an Eligible Relocation Expense
As the end of 2009 approaches, Canadian taxpayers should begin to think about their deductible expenses for the year. Where a taxpayer satisfies the requirements of an "eligible relocation," he or she will be entitled to claim the related moving expenses. A description of qualifying moving expenses and the rules on their deduction can be found in our Summer 2009 newsletter.
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Snowbird or Business Travel to the US - Making Sure you are Canadian!
Thousands of Canadian taxpayers are making regular trips to the United States (US) for both business and personal reasons. Even though an individual remains a resident of Canada, files and pays Canadian income tax, it is likely that many regular travelers to the south have some US tax reporting requirements.
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Quick Tax Facts
CRA Prescribed Interest Rates for Fourth Quarter of 2009
CRA Self-Serve Stamping Machines
Individuals and Businesses can now pay Taxes Online Using "My Payment" Services
CRA "Kiddie Tax" Audits
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