What’s new on the return for 2021?
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Bank of Canada increases interest rates
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Federal individual tax rates and brackets for 2022
The indexing factor for federal tax credits and brackets for 2022 is 2.4%. The following federal tax rates and brackets…
Prescribed interest rates for 2022
The Canada Revenue Agency has announced the interest rates which will apply to amounts owed to and by the Agency…
Inflation rate for February reaches 5.7%
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CRA issues guide to claiming employment expenses for 2021
Canadian individual taxpayers can claim a deduction for a number of expenses which they incur in the course of their…