Tax Preparation

Beware of These T1135 Traps

It is required that clients with over $100,000 in foreign property file a T1135 form. It is crucial for accountants to acquire relevant and complete information due to the complexity level of this form. The $100,000 threshold was planned to be increased; however, the Liberal government may not change this limit.

Is Severance pay taxable? What is the tax rate on your severance package?

Is Severance pay taxable? Tax on your severance package in Canada will be information you will need to know to properly plan. What is the tax rate on your severance plan?

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