Personal Tax Scenario Worksheet (Marginal)
|
|
|
- Shauna Gallagher
- 6 years ago
- Views:
Transcription
1 Personal Tax Scenario Worksheet (Marginal) This worksheet projects the tax effects of income, deduction, and tax credit situations, and determines aftertax amounts. Your client s situation: Your client is evaluating competing portfolio options: o 1 Eligible dividends 12,000 (actual amount) o 2 Interest earned 14,000 o 3 Capital gains 13,000 Tax situation o Tax province SK o Tax year Dec 31, 2016 Your client s existing personal tax situation o Employment income 100,000 Subject to CPP Yes Subject to EI Yes o RRSP deduction 22,000 Advise your client of the personal tax effects under each portfolio option, and determine which yields the greatest aftertax return. TTI helps you provide quick and effective tax planning and tax accounting solutions for your clients. sales@taxtemplates.ca
2 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Tax results Eligible dividends Interest Capital gains Scenario 4 Scenario 5 Scenario 6 Gross cash Adjustment Net cash before personal taxes (Federal taxes) (Provincial taxes) (CPP on business income) (EI on business income) (Social benefits repayment) Provincial or territorial credits Adjustment Net cash before CPP & EI (CPP on employment income) (EI on employment income) Net cash Average tax rate 12,000 14,000 13,000 12,000 14,000 13,000 (1,128) (2,949) (1,333) (331) (1,820) (845) 10,541 9,231 10,823 10,541 9,231 10, % 34.07% 16.75% Notes and calcs
3 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Existing personal tax calculation Existing personal tax calculation Existing personal tax calculation Name Description Eligible dividends Interest Capital gains Tax province SK SK SK Tax year ending Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Date of birth Net capital loss carryforwards Existing taxable income Existing taxable income Existing taxable income Employment 100, , ,000 CPP Old Age Security Eligible pension Other than eligible dividends Grossup Eligible dividends Grossup Interest and other investment Net capital gains (losses) (Nontaxable portion) Other income Net business income (loss) Total income (loss) 100, , ,000 (RRSP deduction) (22,000) (22,000) (22,000) (CPP on business) (Social benefits repayment) Adjustment Net income (loss) 78,000 78,000 78,000 (Non capital losses of other years) (Net capital losses of other years) Adjustment Taxable income (loss) 78,000 78,000 78,
4 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Existing tax credits for Existing tax credits for Existing tax credits for Carryforwards Carryforwards Carryforwards Charitable donations 2015 or before 75% Charitable donations 2015 or before no limit Charitable donations 2016 or after 75% Charitable donations 2016 or after no limit Tuition and related amounts federal Tuition and related amounts provincial Calculate CPP Yes Yes Yes Calculate EI Yes employment Yes employment Yes employment Claim disability amount Charitable donations 75% Charitable donations no limit Tuition and related amounts federal Other federal credits credit rate Tuition and related amounts provincial Other provincial credits credit rate Other than eligible dividends before rate change Eligible dividends before rate change
5 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Marginal personal tax calculation Marginal personal tax calculation Marginal personal tax calculation Name Description Eligible dividends Interest Capital gains Tax province SK SK SK Tax year ending Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Date of birth Marginal taxable income Marginal taxable income Marginal taxable income Employment CPP Old Age Security Eligible pension Other than eligible dividends Grossup Eligible dividends 12,000 Grossup 4,560 Interest and other investment 14,000 Net capital gains (losses) 13,000 (Nontaxable portion) (6,500) Other income Net business income (loss) Total income (loss) 16,560 14,000 6,500 (RRSP deduction) (CPP on business) (Social benefits repayment) Adjustment Net income (loss) 16,560 14,000 6,500 (Non capital losses of other years) (Net capital losses of other years) Adjustment Taxable income (loss) 16,560 14,000 6,500 Cash received, before taxes 12,000 Total income, adjusted to cash basis 14,000 Total income, adjusted to cash basis 13,000 Total income, adjusted to cash basis
6 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Marginal tax credits for Marginal tax credits for Marginal tax credits for Charitable donations 75% Charitable donations no limit Other federal credits credit rate Other provincial credits credit rate Other than eligible dividends before rate change Eligible dividends before rate change
7 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Marginal tax details for Marginal tax details for Marginal tax details for Federal Federal Federal Bracket 1 Bracket 2 12, % 2,575 12, % 2,575 6, % 1,333 Bracket 3 3, % 1,039 1, % 374 Bracket 4 Bracket 5 (Basic personal amount) (Age amount) (CPP credit employment) (CPP credit business) (EI credit employment) (EI credit business) (Canada employment amount) (Pension income amount) (Disability amount self) (Tuition and related amounts) (Other credits credit rate) (Unused credits from existing income) (Donations and gifts) (Dividend credit other) (Dividend credit eligible) (16,560) 15.02% (2,487) Alternative Minimum Tax Adjustment Federal taxes 1,128 2,949 1,
8 YouTube example Prepared Andrew May 1, 2016 Personal Tax Scenario Worksheet PDF example Reviewed 2017 Prepared May 1, 2016 Worksheet support Tax rates in effect Top section Updated April T1 section T1 details Marginal tax details for Marginal tax details for Marginal tax details for Provincial Provincial Provincial Bracket 1 Bracket 2 16, % 2,153 14, % 1,820 6, % 845 Bracket 3 Bracket 4 Bracket 5 Bracket 6 (Basic personal amount) (Age amount) (CPP credit employment) (CPP credit business) (EI credit employment) (EI credit business) (Canada employment amount) (Pension income amount) (Disability amount self) (Tuition and related amounts) (Other credits calculated amounts) (Other credits credit rate) (Unused credits from existing income) (Donations and gifts) Alternative Minimum Tax Surtaxes (Dividend credit other) (Dividend credit eligible) (16,560) 11.00% (1,822) (Tax reduction) Health tax Adjustment Provincial taxes 331 1,
9 Personal Tax Scenario Worksheet Personal Tax Results Marginal Income Prepared May 1, , % 14, % 12, % 10, % 8, % 6, % 4, % 2, % Eligible dividends Interest Capital gains Scenario 4 Scenario 5 Scenario 6 Net cash before personal taxes 12,000 14,000 13,000 Less: Taxes payable 1,459 4,769 2,178 Net cash 10,541 9,231 10,823 Average tax rate 12.16% 34.07% 16.75% Tax province SK SK SK SK SK SK Tax year ending Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Existing income 78,000 78,000 78,000 78,000 78,000 78,
10 Personal Tax Scenario Worksheet Taxes Payable Personal Marginal Income Prepared May 1, ,000 5,000 4,000 3,000 2,000 1,000 Eligible dividends Interest Capital gains Scenario 4 Scenario 5 Scenario 6 Federal taxes 1,128 2,949 1,333 Provincial taxes 331 1, CPP and EI Social benefits repayment (Provincial or territorial credits) Adjustment Total income taxes + CPP + EI 1,459 4,769 2,178 Tax province SK SK SK SK SK SK Tax year ending Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 Dec 31,
Personal Tax Scenario Worksheet (Total)
Personal Tax Scenario Worksheet (Total) This worksheet projects the tax effects of income, deduction, and tax credit situations, and determines aftertax amounts. Your client s situation: Your clients would
Corporate and Personal Tax Summary
Corporate and Personal Tax Summary This worksheet provides a complete overview of the corporate and personal taxes within a group. Your client s situation: Corporate and personal inputs o Tax province
Corporate Tax Scenario Worksheet
Corporate Tax Scenario Worksheet This worksheet projects corporate tax outcomes for CCPCs or other private corporations, and provides visual summaries. Your client s situation: Corporate inputs o Tax province
Corporate Tax Continuity Worksheet
Worksheet This worksheet reconciles CRA to tax amounts, and determines the current tax provision. Your client s situation: Tax year end Dec 31, 2016 Opening tax o Dec 31, 2015 (15,000) - payable from prior
Personal Income Tax. July 16, 2014
Personal Income Tax July 16, 2014 Personal Income Tax Personal income tax is an element of financial assessment, since taxation influences available resources, sources and uses of funds; Personal income
TAX-ASSISTED INVESTMENTS
TAX-ASSISTED INVESTMENTS What are flow-through shares? The Federal Government allows Canadian resource companies that invest in the oil and gas, mining and renewable energy sectors to fully deduct certain
2016 Tax Summary (Federal)
Pilot, George-Chapter 4 Example SIN: 527 000 145 Printed: 2017/02/20 15:21 Summary Total income Employment * Old Age Security CPP/QPP benefits Other pensions Split-pension amount Universal Child Care Benefit
Tax return for 2007 prepared for. Tania McIntyre. by UFile.ca
2007 Tax return for 2007 prepared for Tania McIntyre by UFileca Executive summary for 2007 taxation year Taxpayer Spouse Name Social insurance number Date of birth Province of residence Tania McIntyre
Tax return for 2006 prepared for. Tania McIntyre. by UFile.ca
2006 Tax return for 2006 prepared for Tania McIntyre by UFileca Executive summary for 2006 taxation year Taxpayer Spouse Name Social insurance number Date of birth Province of residence Tania McIntyre
Federal Tax. Step 1 Federal non-refundable tax credits
T1-2017 Federal Tax Protected B when completed Schedule 1 This is Step 5 in completing your return. Complete this schedule and attach a copy to your return. For more information, see the related line in
T1 GENERAL 2011 Income Tax and Benefit Return
Canada Revenue Agence du revenu Agency du Canada T1 GENERAL 2011 Income Tax and Benefit Return Complete all the sections that apply to you in order to benefit from amounts to which you are entitled. Identification
Completing your New Brunswick form. Form NB428, New Brunswick Tax and Credits. Step 1 New Brunswick non-refundable tax credits
Completing your New Brunswick form The following information will help you complete Form NB428, New Brunswick Tax and Credits. The terms spouse and common-law partner are defined in the General Income
Prairie Rose School Division
Prairie Rose School Division Employee Information Form PLEASE ENCLOSE A VOID CHEQUE OR BANK FORM FOR DIRECT DEPOSIT INFORMATION First Name: Middle Initial: Last Name: Mailing Address: City/Town: Postal
Completing your Saskatchewan forms. Form SK428, Saskatchewan Tax. Step 1 Saskatchewan non-refundable tax credits
Completing your Saskatchewan forms The following information will help you complete Form SK428, Saskatchewan Tax, and Form SK479, Saskatchewan Credits. The terms spouse and common-law partner are defined
2016 Tax Summary (Federal)
Musician, Buddy-Chapter 4 Problem SIN: 527 000 061 Printed: 2017/02/25 16:24 Summary Total income Employment * Old Age Security CPP/QPP benefits Other pensions Split-pension amount Universal Child Care
Payroll Bank Authorization Form for Direct Deposit
Payroll Bank Authorization Form for Direct Deposit INSTRUCTIONS FOR COMPLETION To ensure that your account number is correct, please attach a cheque marked "VOID" for an account with chequing privileges
Mackenzie's Canadian Federal / Provincial Marginal Tax Rates
Mackenzie's Federal / Provincial Marginal Tax Rates Current as of: July 1, 2012 Quick Links by Province AB NS QC BC NT SK MB NU YT NB ON NL PE How To Use These Tables: Marginal Tax Rates calculate the
British Columbia Tax
British Columbia Tax Protected B when completed BC428 T1 General 2016 Complete this form and attach a copy to your return. For more information, see the related line in the forms book. Step 1 British Columbia
Tax return for 2009 prepared for. Tania McIntyre by UFile.ca
2009 Tax return for 2009 prepared for Tania McIntyre by UFile.ca Executive summary for 2009 taxation year Taxpayer Name Social insurance number Date of birth Province of residence Tania McIntyre 644-838-989
Tax Refresher for Advisors
Tax Refresher for Advisors Canadian income tax basics 1 Ian Tod, MBA, CFP, CLU Advanced Case Specialist, National Robert Hurdman, CFP Investment Specialist, Western Canada 2 Agenda 1 2 3 4 5 Progressive
Elections Canada (see Help)
First name Last name Mailing Address: Canada Revenue Agency Agence du revenu du Canada T1 GENERAL 2010 Identification Income Tax and Benefit Return ON 7 Information about you THE LATE ERIC Your social
Information for Residents of Nova Scotia. Table of contents
Information for Residents of Nova Scotia Table of contents Page What s new for 2016?... 2 General information... 2 Nova Scotia child benefit... 2 Nova Scotia affordable living tax credit... 2 For more
Monthly UTM and WUSC Payroll Schedule
2017-2018 Monthly UTM and WUSC Payroll Schedule Instructions: 1. Print your name, social insurance number and student number on each timesheet. 2. Submit your completed timesheets each month by the deadline
Income Tax and Benefit Return. Complete all the sections that apply to you. For more information, see the guide. Postal code
Solution : Exercise 1 High school student Protected B when completed T1 GENERAL 2015 Income Tax and Benefit Return Complete all the sections that apply to you. For more information, see the guide. Identification
CANTAX T1Plus 2007 versions December 2007
CANTAX T1Plus 2007 versions December 2007 Introduction This tax changes summary was prepared to allow you to evaluate the impact of the tax changes on your tax season. This document takes into account
WORK STUDY. Bi-Weekly Work Study Payroll - Timesheet Schedule
2018-2019 WORK STUDY Bi-Weekly Work Study Payroll - Timesheet Schedule Start Date End Date Timesheet Deadline to Payroll Officer on 27.08.2018 08.09.2018 10.09.2018 09.09.2018 22.09.2018 24.09.2018 23.09.2018
Income Tax Information About Pay Equity Employment Income and Pay Equity Interest Payments Received in 2000
Income Tax Information About Pay Equity Employment Income and Pay Equity Interest Payments Received in 2000 2 Table of Contents Page Introduction..3 Part 1 - General tax information 4 Part 2 - Tax information
Payroll Bank Authorization Form for Direct Deposit
Payroll Bank Authorization Form for Direct Deposit INSTRUCTIONS FOR COMPLETION To ensure that your account number is correct, please attach a cheque marked "VOID" for an account with chequing privileges
Sprott Flow-Through Limited Partnerships
Sprott Tax-Assisted Investments Sprott Flow-Through Limited Partnerships Natural resources an essential element of a wellstructured investment portfolio Adding natural resource investments to your portfolio
2017 PERSONAL INCOME TAX RETURN CHECKLIST
2017 PERSONAL INCOME TAX RETURN CHECKLIST We cannot E-File without permission in advance. We will provide E-file forms for signature upon completion of personal tax returns. A copy of the form must be
TAX FACTS & FIGURES. April 2017
TAX FACTS & FIGURES April 2017 Tax Facts and Figures is produced by Welch LLP as an information service with the understanding that it does not render accounting, legal or other professional advice. The
Income Tax and Benefit Return
T1 GENERAL 2017 Protected B when completed Income Tax and Benefit Return Step 1 Identification and other information Identification Print your name and address below. ON 8 First name and initial Last name
Income taxes 101: Deductions, credits, benefits, exemptions, tax brackets
Income taxes 101: Deductions, credits, benefits, exemptions, tax brackets Canadians pay tax on most forms of income, such as money from employment and self-employment. This is called taxable income. If
TAX FACTS & FIGURES. April 2018
TAX FACTS & FIGURES April 2018 Tax Facts and Figures is produced by Welch LLP as an information service with the understanding that it does not render accounting, legal or other professional advice. The
2013 Approximated Combined Federal & Ontario Income Tax (1,2,3,4, 5) 2012 Approximated Combined Federal & Ontario Income Tax (1,2,3,4, 5)
Estimated combined Federal and personal income tax Taxable Income 2017 2016 2015 2014 2013 2012 2011 (1,2,3,4) 2010 (1,2,3,4) 2009 (1,2,3,4) $20,000 $1,800 $1,800 $1,800 $1,900 $1,900 $1,900 $2,000 $2,000
WORK STUDY. Bi-Weekly Work Study Payroll - Timesheet Schedule
2017-2018 WORK STUDY Bi-Weekly Work Study Payroll - Timesheet Schedule Start Date End Date Timesheet Deadline to Payroll Officer on 28.08.2017 09.09.2017 11.09.2017 10.09.2017 23.09.2017 25.09.2017 24.09.2017
Completing your Prince Edward Island form. Form PE428, Prince Edward Island Tax and Credits. Step 1 Prince Edward Island non-refundable tax credits
Completing your Prince Edward Island form The following information will help you complete Form PE428, Prince Edward Island Tax and Credits. The terms spouse and common-law partner are defined in the General
Moriyama Wolsey, Chartered Accountants
PERSONAL TAX ORGANIZER For the Year 2015 Please complete this T1 Organizer before your appointment. Attach all applicable slips, lists and other supplemental information. 1. PERSONAL INFORMATION Taxpayers
Payroll Deductions Tables. Ontario. Effective January 1, CPP, EI, and income tax deductions
f Payroll Deductions Tables Ontario Effective January 1, 2018 CPP, EI, and income tax deductions L / T4032-ON canada.ca/taxes NOTE: In this publication, the text inserted between square brackets represents
Information for Residents of Newfoundland and Labrador. Table of contents
Information for Residents of Newfoundland and Labrador Table of contents Page What s new for 2016?... 2 General information... 2 Newfoundland and Labrador programs for low-income individuals and families...
2013 Edition. Ontario Health Tax
2013 Edition This article, prepared by PAIRO s auditors Rosenswig McRae Thorpe LLP, outlines some points to consider in preparing your income tax returns. Remember that: RRSP Contribution Deadline for
Early Childhood Staff Grant Application Form
Early Childhood Staff Grant Application Form SECTION 1 For completion by the Early Childhood Staff: (Please Print) First Name: Last Name: Mailing Address: Phone: Email: I am a NEW applicant. I have completed
T4032-ON, Payroll Deductions Tables CPP, EI, and income tax deductions Ontario Effective January 1, 2017
T4032-ON, Payroll Deductions Tables CPP, EI, and income tax deductions Ontario Effective January 1, 2017 T4032-ON(E) What s new as of January 1, 2017 The major changes made to this guide since the last
Individual Taxation Tax Planning Guide
Taxable Income TABLE I1 ONTARIO (2014) TAX TABLE Tax Effective Marginal Rate Federal Ontario Total Rate Federal Ontario Total $ $ $ $ 10,000-17 17 0.2 0.0 5.0 5.0 11,000-67 67 0.6 12.9 5.1 18.0 12,000
Permit Information Package
Permit Information Package (STAGE CAUCUS 2 GENERAL) I.A.T.S.E. Local 212 Motion Picture and Stage Technicians International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and
Income Tax and Benefit Return Complete all the sections that apply to you. For more information, see the guide.
Canada Revenue Agence du revenu Agency du Canada T1 GENERAL 2015 RC-15-119 Income Tax and Benefit Return Complete all the sections that apply to you. For more information, see the guide. Identification
TAX TIPS. Audit Tax Advisory
Audit Tax Advisory TAX TIPS Crowe Soberman LLP Join our online community In this issue: Investment income 3 Facebook.com/CroweSoberman On Crowe Soberman s Facebook page, you can stay in the loop with the
Ideally your contribution should be made as soon as possible in the year in order to shelter the investment income from tax.
Maximize RRSP Contributions. You should make your maximum RRSP contribution while you are working. You will get a tax deduction now at your current tax rate and you will be able to take the money out later
Tax Incentives for Charitable Giving. Jamie Golombek Managing Director, Tax and Estate Planning CIBC Wealth Strategies Group
Tax Incentives for Charitable Giving Jamie Golombek Managing Director, Tax and Estate Planning CIBC Wealth Strategies Group Toronto Arts Foundation September 7, 2016 Agenda 1 Charitable donations Overview
Canada Pension Plan (CPP) overpayment you may be entitled to a refund if you contributed more to the CPP than required.
Definitions Balance owing the amount that you have to pay to the Canada Revenue Agency (CRA) if you haven't paid enough tax during the year. Canada child benefit (CCB) a tax-free monthly payment that eligible
CHECKLIST PUBLIC SERVICE SUPERANNUATION PLAN RETIREMENT APPLICATION. Nova Scotia Pension Services Corporation PO Box 371 Halifax, NS B3J 2P8
1-800-774-5070 toll free (902) 424-5070 local (902) 424-0662 fax e-mail: pensionsinfo@nspension.ca www.novascotiapension.ca CHECKLIST PUBLIC SERVICE SUPERANNUATION PLAN RETIREMENT APPLICATION SEND: TO:
Income Splitting in Retirement
Income Splitting in Retirement INCOME SPLITTING IN RETIREMENT [Please note that any reference to the term spouse in this article includes a reference to the term commonlaw partner.] Couples planning for
2012 Year End Tax Tips
2012 Year End Tax Tips Jamie Golombek November 2012 It s the most wonderful time of the year! That s right, time to start your year-end tax planning so that any strategies that need to be implemented by
Tax & Retirement Planning Guide
Tax & Retirement Planning Guide TD Asset Management Inc. (TDAM) understands the importance of maximizing the after-tax income for investors since, for most Canadians, paying taxes is their biggest lifetime
Completing your Nova Scotia form. Form NS428, Nova Scotia Tax and Credits. Step 1 Nova Scotia non-refundable tax credits
Completing your Nova Scotia form The following information will help you complete Form NS428, Nova Scotia Tax and Credits. The terms spouse and common-law partner are defined in the General Income Tax
Looking back to 2011 and FORWARD TO 2012
December 2011 YEAR-END TAX PLANNER 2011/2012 IN THIS ISSUE Federal Highlights 1 Provincial Highlights 1 Entrepreneurs 1 Personal Tax Matters 2 United States Matters 5 International Matters 5 Key Tax Dates
Financial Plan. Rona Birenbaum, CFP. PREPARED FOR: October 03, 2017 PREPARED BY: Financial Planner Viviplan Toronto, Ontario (416)
Financial Plan PREPARED FOR: October 03, 2017 PREPARED BY: Rona Birenbaum, CFP Financial Planner Viviplan Toronto, Ontario (416) 363-8500 Table of Contents Cover Page 1 Table of Contents 2 Objectives 3
Taxation Overview. 2018, Chartered Professional Accountants of Canada. All Rights Reserved.
Chartered Professional Accountants of Canada, CPA Canada, CPA are trademarks and/or certification marks of the Chartered Professional Accountants of Canada. 2018, Chartered Professional Accountants of
TAX FACTS What s Inside. Quick Estimates. RRSP, RPP and DPSP Limits. Top Personal Rates for CPP, EI and QPIP Rates
1 Tax Q&A: Tax Planning Strategies for Cottage Owners BDO CURRENT TO OCTOBER 1, 2018 www.bdo.ca TAX FACTS 2018 Tax Facts 2018 provides you with a summary of 2018 personal income tax rates and amounts,
Registered Education Savings Plans (RESPs)
October 27, 2011 Registered Education Savings Plans (RESPs) Withdrawing from the plan and non-resident issues If your registered education savings plan (RESP) beneficiary has enrolled or is enrolling in
Information on Form T2203, Provincial and Territorial Taxes for 2018 Multiple Jurisdictions
Information on Form T2203, Provincial and Territorial Taxes for 2018 Multiple Jurisdictions Provincial or territorial income tax relating to business income is generally payable to the province or territory
Information on the Form T2203, Provincial and Territorial Taxes for 2017 Multiple Jurisdictions
Information on the Form T2203, Provincial and Territorial Taxes for 2017 Multiple Jurisdictions Provincial or territorial income tax relating to business income is generally payable to the province or
Charitable Donations of Securities Gifting shares instead of cash could enhance your tax benefit Gifting publicly-traded securities
November 18, 2010 Charitable Donations of Securities Gifting shares instead of cash could enhance your tax benefit Gifting publicly-traded securities To encourage individuals to increase their charitable
DETAILED CONTENTS OF CHAPTER 3
DETAILED CONTENTS OF CHAPTER 3 Taxable Income And Tax Payable For Individuals INTRODUCTION................. 65 TAXABLE INCOME OF INDIVIDUALS....... 66 Available Deductions......... 66 Ordering Of Deductions........
DETAILED CONTENTS OF CHAPTER 6
DETAILED CONTENTS OF CHAPTER 6 Taxable Income And Tax Payable For Individuals INTRODUCTION................. 173 TAXABLE INCOME OF INDIVIDUALS...... 174 Available Deductions......... 174 Ordering Of Deductions........
An Introduction to Canadian Payroll. Presented by Natasha Smyth BSc (Agr), CPM Vice President, OnPayroll.ca
An Introduction to Canadian Payroll Presented by Natasha Smyth BSc (Agr), CPM Vice President, OnPayroll.ca This is me! Over 8 years of Canadian Payroll experience Certified Payroll Manager Member of the
California Payroll Conference
California Payroll Conference September 11 and 12, 2014 An Introduction to Payroll in Canada Presented by: Natasha Smyth, CPM Vice President OnPayroll.ca Corp. An Introduction to Payroll in Canada 1. Canada
Corporate Business Owners Year-End Tax Planning
Corporate Business Owners Year-End Tax Planning BY SEEMANT THAKKAR CPA, CGA CMA LPA 416-985- 7154 WWW.ENTCPASEEMANT.COM Disclaimer This material is at high level purpose only it is technical and should
Quick Reference Guide 2018
Quick Reference Guide 2018 Your quick reference guide The Quick Reference Guide is assembled to provide the information you need to work with your clients every day. The materials are compiled from a selection
Financial Needs Analysis Questionnaire. Client name: Name of spouse: Advisor: Date: A-NOV13
Financial Needs Analysis Questionnaire name: Name of spouse: Advisor: Date: 5143-00A-NOV13 Part 1 Goals 1. Which personal objectives are the most important to you? 2. What should a life insurance program
T4032-SK, Payroll Deductions Tables CPP, EI, and income tax deductions Saskatchewan Effective January 1, 2019
T4032-SK, Payroll Deductions Tables CPP, EI, and income tax deductions Saskatchewan Effective January 1, 2019 T4032-SK(E) What s new as of January 1, 2019 The major changes made to this guide since the
2014 PERSONAL INCOME TAX RETURN CHECKLIST
2014 PERSONAL INCOME TAX RETURN CHECKLIST SECTIONS: A. Information All Clients Must Provide B. Additional Information New Clients Must Provide C. Questions To Answer D. Other A. Information All Clients
Payroll Deductions Formulas for Computer Programs
Payroll Deductions Formulas for Computer Programs 105th Edition Effective January 1, 2017 T4127(E) Rev. 17 Is this guide for you? Use this guide if you are a payroll software provider or a company which
Kurt Rosentreter 2017 Year-End Tax Planning Tips
December 2017 KURT ROSENTRETER Phone 416-628-5761 EXT 230 2017 YEAR-END TAX PLANNING Kurt Rosentreter 2017 Year-End Tax Planning Tips Year-End Tax Planning December 31, 2017 is fast approaching see below
Payroll Deductions Formulas
Payroll Deductions Formulas 109th Edition Effective January 1, 2019 This guide has been changed since the November 15, 2018 release. T4127(E) Rev. 19/01 Changes since the November 15, 2018 release There
2017 Year-End Tax Planning. and. PARTNERS LLP Chartered Professional Accountants
2017 Year-End Tax Planning and PARTNERS LLP December 31, 2017 is fast approaching see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these
Delivering Lower Taxes for New Brunswickers
Delivering Lower Taxes for New Brunswickers Published by: Department of Finance Province of New Brunswick P.O. Box 6000 Fredericton, New Brunswick E3B 5H1 Canada Internet: www.gnb.ca/0024/index-e.asp December
T4032-PE, Payroll Deductions Tables CPP, EI, and income tax deductions Prince Edward Island
For the 2017 taxation year. T4032-PE, Payroll Deductions Tables CPP, EI, and income tax deductions Prince Edward Island Effective July 1, 2017 T4032-PE-07 (E) What s new as of July 1, 2017 The major changes
TAX TIPS. Smart Decisions. Lasting Value. Audit Tax Advisory
TAX TIPS Smart Decisions. Lasting Value. Audit Tax Advisory Join our online community In this issue: Investment income 3 Facebook.com/CroweSoberman On Crowe Soberman s Facebook page, you can stay in the
Overview of the Canadian income tax system
The Navigator INVESTMENT, TAX AND LIFESTYLE PERSPECTIVES FROM RBC WEALTH MANAGEMENT SERVICES Cullen Wealth Management RBC Dominion Securities Charles W. Cullen III, CFP, CIM Vice-President, Portfolio Manager
2017 CHECKLIST PERSONAL INCOME TAX RETURN
2017 CHECKLIST PERSONAL INCOME TAX RETURN WHAT S INSIDE: WATCH OUT!...1 Questions on the Tax Return...1 Background Information... 2 Foreign Property Information... 3 Income Information...4 Deductions/
Payroll Deductions Supplementary Tables
Payroll Deductions Supplementary Tables Ontario Effective January 1, 2016 Note You must look up amount in two tax deductions tables a federal table and a provincial table. T4008-ON What s new as of January
TAXABLE BENEFITS. The taxable benefit on a company-owned or company-leased automobile made available to an individual is calculated in two parts:
TAXABLE BENEFITS Employee/Shareholder Loans: Where a person received an interest-free or low-interest loan by virtue of his/her employment or by virtue of being a shareholder of a corporation, he or she
Tax-Free Savings Account (TFSA)
Tax-Free Savings Account (TFSA) What is a TFSA? Starting in 2009, a tax-free savings account (TFSA) is a new way for residents of Canada to set money aside tax free throughout their lifetimes. Contributions
Making the Most of Your Charitable Gifts for 2016
Making the Most of Your Charitable Gifts for 2016 October 19, 2016 No. 2016-48 Canada s tax incentives for charitable donations are designed to make it easier for you to support your favourite charities.
Tax Toolkit TAX PLANNING
2017-2018 Tax Toolkit TAX PLANNING More opportunities for tax savings Contents More opportunities for tax savings 2 Jamie Golombek s tax tips 3 Not all fund distributions are created equal 4 Understanding
2013 Year End Tax Tips
TAX TIPS 2013 Year End Tax Tips Jamie Golombek, CPA, CA, CFP, CLU, TEP Managing Director, Tax & Estate Planning, CIBC Wealth Advisory Services Jamie.Golombek@cibc.com With December 31 st fast approaching,
What s new. Release
What s new Release 2018.3 Sage 50 Accounting Canadian Edition What s New - Release 2018.3 Sage 50 Accounting Canadian Edition (Release 2018.3) 1 What's new and product improvements 1 Government compliance
PERSONAL TAX ORGANIZER FOR 2015 TAXATION YEAR
MCPHERSON MCPHERSON PROFESSIONAL CORPORATION & CHARTERED PROFESSIONAL ACCOUNTANTS 7-8100 Yonge Street Thornhill ON L4J 6W6 Tel: 905-731-0438 Fax: 905-731-5861 Dear Client, PERSONAL TAX ORGANIZER FOR 2015
Completing your Ontario forms. Form ON428, Ontario Tax. Step 1 Ontario non-refundable tax credits. Line 5808 Age amount
Completing your Ontario forms T he following information will help you complete Form ON428, Ontario Tax, and Form ON479, Ontario Credits and Senior Homeowners' Property Tax Grant. The terms spouse and
2017 Personal Tax Questionnaire
To help us prepare your tax returns, please complete this fillable PDF as required and return it to us with your tax information. Please call us at: (905) 829-3701 for an appointment. A. Personal and Family
Information for Residents of Prince Edward Island
Table of contents Information for Residents of Prince Edward Island Page What s new for 2017?... 2 Our services... 2 Individuals and families... 2 Interest and investments... 2 Prince Edward Island...
SUBSTITUTE TEACHING EMPLOYMENT APPLICATION
Dear Applicant: SUBSTITUTE TEACHING EMPLOYMENT APPLICATION Thank you for considering employment with the Louis Riel School Division. In order to process your application, please ensure that the following
FINANCIAL. 1. My information. Name of the person completing this Form (First Middle Last): Date this Form was completed (YYYY/MM/DD):
FINANCIAL INFORMATION Form I 1. My information Name of the person completing this Form (First Middle Last): Date this Form was completed : My financial circumstances My total annual income (before tax
Death and Taxes It s Never Too Early To Plan. Franklin H. Famme, CPA, CA
Death and Taxes It s Never Too Early To Plan Franklin H. Famme, CPA, CA Benjamin Franklin Agenda Understanding Estates Taxes Upon Death Probate Income Tax Taxes After Death Understanding Estates Jointly-Held
Information for Residents of Yukon
Information for Residents of Yukon Table of contents Page What s new for 2016?... 2 General information... 2 Yukon child benefit... 2 Did you reside on the Settlement Land of a Yukon First Nation... 2
Math 11 Foundations: Unit 6 Finances. Net Income = CPP contribution rates, maximums and exemptions. Basic exemption amount 2017 $55,300 $3,500 4.
6.2 Net Income Name: Definitions Net Income = Tax-Exempt Deductions Payroll Deductions CPP = CPP contribution rates, maximums and exemptions Year Maximum annual pensionable earnings Basic exemption amount
SUBSTITUTE TEACHER EMPLOYMENT APPLICATION INFORMATION
SUBSTITUTE TEACHER EMPLOYMENT APPLICATION INFORMATION PLEASE READ BEFORE COMPLETING APPLICATION FORM: This application form is for substitute teachers to complete and return. An application is not considered
2016 PERSONAL INCOME TAX QUESTIONNAIRE IMPORTANT: You can fill out and print this form OR complete onscreen & save it.
IMPORTANT: You can fill out and print this form OR complete onscreen & save it. This questionnaire is designed to assist you in compiling the information necessary to prepare your 2016 personal tax return.
Information for Residents of Saskatchewan. Table of contents
Information for Residents of Saskatchewan Table of contents Page What s new for 2017?... 2 Our services... 2 Individuals and families... 2 Interest and investments... 2 Saskatchewan... 3 Getting ready