• By Front Line Accounting

Shareholder Loans

Shareholder Loans

Income Tax Act s. 15(1.2), s. 15(2), s. 80.4(2), s. 110(1)(j), Regulations s. 4301(a),(c)

Prescribed Interest Rates

The prescribed interest rates for

• By Front Line Accounting

PST sales tax saskatchewan

Provincial Sales Tax. The Provincial Sales Tax is a 6% sales tax which applies to the purchase, importation, or rental of certain goods and services. Businesses that sell

• By Front Line Accounting

Capital gains and losses

► Income tax can represent a substantial cost on your investments. Consider your after-tax return swhen evaluating investment options.

►If you’re selling capital property and a

• By Front Line Accounting

Interest expense

► If you’re claiming a deduction for interest expense on a paid basis, make all necessary payments by31 December.

► Consider converting non-deductible interest into deductible i

• By Front Line Accounting

Real estate rental property

If you own more than one rental property, you

may deduct automobile expenses incurred to

collect rents, supervise repairs or provide general

property management.

• By Front Line Accounting

RRSP Tips

Filing obligations

If you owe tax under any of these rules, you must file Form RC339, Individual Return for

Certain Taxes for RRSPs or RRIFs,