Who qualifies for the Donation Tax Credit (CDTC)? The CDTC is accessible to anyone making a donation to a qualifying donee. A donation is considered a gift without any expectation of return, or its Fair Market Value (FMV) of consideration does not exceed 80% of the FMV of the gift. Donations can include money, property, […]

We know that the higher upfront purchase cost of zero-emission vehicles (ZEVs) can make it more difficult to adopt this clean technology. The Incentives for Zero-Emission Vehicles (iZEV) Program and tax write-offs for businesses are helping to make it more affordable. Purchase And Lease Incentives The iZEV Program offers point-of-sale incentives for consumers (subject to funding availability) who

You can incorporate your business at the federal level with Corporations Canada or incorporate it in a specific province or territory with the provincial/territorial government. There are several benefits to incorporating federally: 1. Heightened name protection Corporations Canada applies very tough tests before granting a company the right to use a particular name. When a company’s name is approved,

Making donations to charities, either personally or corporately, will result in tax savings. However, depending on the particular situation, it may make more sense to donate through a corporation to truly maximize the tax savings. What are the benefits of donating personally? For individuals, eligible donations made provided a non-refundable tax credit, reducing any personal

In the short run, on average, given all things equal, monthly payments for leasing a car are usually 30% – 60% lower than that of financing monthly payments. However, in some comparisons, financing may cost lower than leasing due to fewer fees and no monthly payments in the long term. Moreover, in the long run,

The First-Time Home Buyer Incentive helps qualified first-time homebuyers to reduce their monthly mortgage payments without adding to their financial burdens. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers: The Incentive’s shared-equity mortgage is one where the government has a shared investment in the home. As a result, the

Construction Bookkeeping is a unique form of accounting and financial management. It intends to help contractors track each job and how it influences the company as a whole. Costs from labor, employees, transportation, equipment, materials, and insurance must all be tied together to complete the bid process. An effective bookkeeping system allows for more accurate

If you are eligible for the Canada Recovery Benefit (CRB), you can receive $1,000 ($900 after taxes withheld) for a 2-week period. Eligibility criteria To be eligible for the CRB, you must meet all the following conditions for the 2-week period you are applying for: You need all of the above to be eligible for the CRB. If you’re not