December is a busy month for most of us; we have work and family functions, gift shopping, sending out holiday cards, and connecting with loved ones near and far. Added to this, for many small business owners, December 31st is year end. Add to your calendar some time to complete government paperwork and pay taxes,…
Wildfires have sparked evacuations of several B.C. communities this summer. With many people forced to leave their own homes, they’ve needed to rely on assistance from family, friends, strangers and charitable organizations like the Canadian Red Cross. While most people donate out of good will, there are also opportunities for making donations and using them…
Incentive to donate! The temporary First-Time Donor Tax Credit adds 25% to the rates used to calculate the non-refundable tax credits of up to $1,000 in monetary donations. As a result, a first-time donor will be allowed a 40% federal credit for donations of $200 or less, and a 54% federal credit for the portion…