June, 2012

Minister Kenney Hits the Reset Button

Minister Kenney Hits the Reset Button: Sets the Foundation for New, Faster, More Flexible Immigration System   Calgary, June 28, 2012 — Citizenship, Immigration and Multiculturalism Minister Jason Kenney today announced the latest step in re-designing Canada’s economic immigration system. Effective July 1st, 2012, Citizenship and Immigration Canada will place a temporary pause on new...

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2012 Automobile Deduction Limits and Expense

2012 Automobile Deduction Limits and Expense Benefit Rates for Business   Below are the automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit for 2012: The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes will remain at $30,000 … read more The limit on deductible leasing costs will remain...

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Federal Incorporation vs. Ontario Incorporation

A business in Ontario can choose to incorporate federally or provincially. This article compares the difference between federal incorporation and Ontario incorporation. Before we go into our subject, one very important thing you should know is you may sell your products and services to individuals and businesses located in any province of Canada or overseas, no matter you incorporate federally...

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