Kingston Ross Pasnak: Articles

The following publications highlight information regarding relevant topics such as the “Federal Budget Commentary” and “Starting a Small Business”.

2011 - Starting A Small Business
This article contains information on the following areas:

2010 - Federal Commentary Budget Brief
This Commentary on the Federal Budget includes the following:

freezing the salaries of MPs and Senators for the next three fiscal years;
permitting single parents with the option of including the Universal Child Care Benefit in the income of certain dependents;
an additional $80 million allocated to the eco-ENERGY Retrofit Program to increase the available rebates for applicants;
extension of the RRSP rollover rules to allow transfers to registered disability savings plans upon the death of the RRSP holder;
the denial of certain "purely cosmetic procedures" as medical expenses eligible for a tax credit;
repealing the existing charitable expenditures rule and modifying the capital accumulation rules;
diligence in investigating foreign tax credit generators and tax avoidance schemes by individuals and corporations;
a re-iteration of the Government's intention to have a combined federal-provincial income tax rate of 25%;
AND MUCH MORE!

2009 - Federal Commentary Budget Brief
This Commentary on the Federal Budget includes the following:

$1,350 tax credit for eligible home renovations
$750 tax credit for first time home buyers
Increase in the income threshold to which the lowest two personal income tax brackets apply
Increase in the Small Business Deduction from $400,000 to $500,000
AND MUCH MORE!

2007 - Federal Commentary Budget Brief
This Commentary on the Federal Budget includes the following:

Changing the contribution and grant limits to Registered Education Savings Plans (RESP)
Claiming you children on your personal tax return - the NEW child tax credit
Postponing Retirement? You now can contribute to your RRSP until 71 years of age
AND MUCH MORE!