Have you heard of Pooled Registered Pension Plan (PRPP)?
Although an employer can participate in this plan, this is a new alternate pension plan for those who are self-employed or do not have an employment pension plan. Options within a PRPP are similar to other registered pension plans, but with lower administration costs, and greater flexibility such as portability.
For more information including common question/answer section, go to http://www.cra-arc.gc.ca/prpp or see a PRPP administrator.
Have a new baby or expecting? There are many benefits and credits you may be entitled to. When registering the birth of your newborn, you can also consent to use the Automated Benefits Application (ABA), which allows you to automatically apply for child tax benefits at the same time.
READ MORE to see explanations of ABA related benefits, such as Universal Child Care Benefits and Education Savings Plans.
As a valued follower of Balanced Business Bookkeeping Solutions web site, I want to say THANK YOU by holding a prize draw.
This draw is available to site followers only. Because you are already registered as a follower, you will have your name entered into the draw twice. Just go to the home page of the site and enter in the area called ‘FOLLOWER APPRECIATION DRAW’. Advance entry deadline for doubling your entry is February 3rd, 2014. The winner name will be drawn February 28, 2014.
Thank you, and good luck! Winner will be contacted by e-mail.
On January 17, 2014, the Minister of National Revenue a new three-point plan to support small and medium-sized businesses to comply with tax rules. This will help small and medium enterprises more easily meet their tax obligations, save time and money, and reduce red tape. READ MORE
Canada Revenue Agency continues its administrative audit procedures for gifting tax shelter schemes.
Do you, or someone you know, claim Tax Shelter donations on your Income tax Return? Beware! READ MORE
Wishing everyone a happy, healthy, and prosperous 2014 🙂
MLA’s gathered Thursday December 5th to vote on Bill 20 regarding the 1% PST hike.
“I take no joy in the passage of that bill tomorrow,” Howard said Wednesday. “But I believe it was the right choice for the future of Manitobans and a responsible choice.”
Despite months of controversy and rallying, Bill 20 was finally passed. Read more posted by the Winnipeg Free Press.
Top of the list for the increased revenue is highway work. With additional funding from the federal government, some of which is Hwy#6, #373 & #374. Read more posted by CBC News.
What does this mean for businesses? For a review of some of the tax changes put out in April 2013, GO here. Continue to keep yourself informed and up to date on the tax regulations for your particular industry. Go to Manitoba Finance under Mb Tax Publications for RST Bulletins and select your particular business industry on the bulletin list for details.
Sending you wishes of a wonderful December, and a very safe, healthy and prosperous new year!
Balanced Business Bookkeeping Solutions office will be closed December 19th – Jan 3rd, 2014.
Delta, British Columbia, November 13, 2013 The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue and Member of Parliament for Delta-Richmond East, today met with local business community leaders at a roundtable event in Delta, B.C., to highlight measures introduced by the Harper Government to reduce red tape for small business.
READ MORE . . .
BE A VOICE FOR THE DEVELOPMENT OF YOUR COMMUNITY!
BBDC and Brokenhead River Planning District is offering an open house meeting and on-line survey to help with the economic future housing development plans for the area in the upcoming years.
Join in the meeting on Nov 26th at Sungro or take the survey at www.ohyh.ca