Federal Budget Highlights MArch 23, 2017
Here are 5 things that you need to know about Budget 2017. · No Change to a Number of Rumored Items (other than previously
announced, if relevant) – capital gain inclusion rate, principal residence
employer provided health plans.
· Billed-Basis Accounting – professionals will no longer be permitted to value work in progress at nil.
· Medical Related Changes – consolidation of infirm dependent credit, caregiver credit and family caregiver amount to a single caregiver credit; nurse practitioners will be able to certify the T2201; and fertility treatments eligible as medical expenses expanded (and the provision will apply to the preceding 10 years).
· Elimination/Modification of Certain Personal Tax Credits/Deduction – loss of public transit amount, loss of home relocation loan deduction and expiration of first-time donor’s super credit.
· Ride-Sharing Services – commencing July 1, 2017 ride-sharing services (e.g. UBER, Lyft) will be defined as “taxi businesses” for GST/HST purposes and therefore be required to charge and remit GST/HST.
March 12th, 2017 From CRA - Up and Running Again
The Canada Revenue Agency (CRA) is pleased to report that all of its digital services were returned to service on Sunday, March 12 starting at 5:00 p.m. EDT. Individuals, businesses and representatives are now able to file returns, make payments, and access other digital services available through the CRA’s website, including all our secure portals.
March 7, 2017 – Ottawa, Ontario – Department of Finance Canada
The Government of Canada continues its plan to help middle class families and grow the economy by making smart investments in the things that matter most: good, well-paying jobs, healthy living, strong communities and better opportunities for our kids and grandkids.
Finance Minister Bill Morneau delivered this message today in the House of Commons, where he announced that the Government's federal budget will be tabled on March 22, 2017.
The Government of Canada is committed to growing the middle class, and positioning Canada for success in the new, more innovative economy of tomorrow. Budget 2017 will continue the Government's focus on the middle class and those working hard to join it.
Minister Morneau's announcement follows record participation in the annual pre-budget consultations. More than a million people were engaged, and over 29,000 submissions and ideas were received. On February 6, 2017, the Minister's Advisory Council on Economic Growth also published its second wave of recommendations.
March 4, 2017
Do you have to pay the tourist fee when visiting the Niagra Falls?
This is a good read from market place for those traveling to a tourist zone in Ontario ie Niagra Falls.
They charge from 6-10% extra on your invoice and is it legal? It looks like it is legal since 2004 as Ontario Governement allows it. However, please ask what it is before travelling as it varies by company.
What is the paperwork accountability? Looks like none at this point and requires attention.
Why do some businesses choose not to charge why others do if it is allowed? Interesting to say the least.
So be careful when travelling to the Falls and ask what the extra tourist fee policy is before you shop!