What’s the difference between eligible and non-eligible dividends? What are the implications to you? Dividends are payments made to shareholders to allocate the earnings of a corporation. There are two types of taxable dividends that a corporation can issue, non-eligible and eligible. non-eligible dividends are taxed at approximately 10% more than an eligible dividend Non-eligible […]
2018 Tax Rates & Limits
Each year various tax rates, contribution limits, benefit amounts and deduction rates change. The following is a quick reference guide for 2018. Personal income tax rates and brackets: Federal Taxable income Rate $0 to $46,605 15% $46,606 to $93,208 20.5% $93,209 to $144,489 26% $144,490 to $205,842 29% Income over $205,843 33% After many years […]
2013 Federal Budget
On March 21, 2013 the federal budget was released. Read about the 4 items in the budget that we think are most likely to affect you.