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TCC
Gaston Sini v. Minister of National Revenue, [1988] 2 CTC 2063, 88 DTC 1454
Réal Bédard in a construction business under the business name Bédard & Sini. ... Sini invested in a number of properties, which we have set out in the following table; Taxation Address Builder Kind of building year Year of sale 1670 Tricentenaire Bédard et 16 units, 1965 not sold Montreal Sini Enrg 4 / rooms each 38 and 40 Cartier Construction 4 / room units 975 not sold 38 and 40 Cartier Laval Mézières Laval 360 De Construction 8 units, 1978 1983 Noirmoutier Mézières 5 /2 rooms each Laval 535 Ampère Construction 8 units, 1979 1981 Laval Mézières 5 / rooms each 2025 Sherbrooke? ... 4 / room units 1981 Montreal? The record does not indicate the name of the builder. ...
Technical Interpretation - External
3 April 2019 External T.I. 2019-0797491E5 - CCA for Equipment Used to Produce Biofuels
With some exceptions not relevant here, (footnote 4) generally property described in Class 43.1 would be included in Class 43.2 when acquired after February 22, 2005 and before 2025. ... Yours truly, Kimberley Wharram Acting Manager Resources Section Reorganizations Division Income Tax Rulings Directorate Legislative Policy & Regulatory Affairs Branch FOOTNOTES Note to reader: Because of our system requirements, the footnotes contained in the original document are shown below instead: 1 For the present purposes, the word “primarily” means more than 50%. 2 C.R.C. c. 945, as amended. 3 R.S.C. 1985, c. 1 (5th suppl.) as amended. 4 The following property only qualifies for an inclusion in Class 43.1: (i) mid-efficiency, fully or partially fossil-fuelled cogeneration systems; (ii) electric vehicle charging stations set up to supply more than 10 kW but less than 90 kW of continuous power; and (iii) electrical energy storage equipment connected to one of the above systems and stand-alone electrical energy storage systems meeting particular efficiency requirements. 5 See paragraphs (b) and (e) of Class 43.1. 6 During the phase-out period the enhanced CCA rates are as follows: for eligible properties that are available for use in: 2024 and 2025 the rate is 75%; 2026 and 2027 the rate is 55%; and 2028 the enhanced CCA rate is nil. 7 See generally, Tenneco Canada Inc. v The Queen, 91 D.T.C. 5207 (F.C.A.) and more recently, Canada v. ...
Current CRA website
What's new - Savings and pension plan administration
As of January 2025, Web Forms will no longer be available as an option to submit our forms. ... Please note that the Registered Plans Directorate does not accept or send emails containing personal or plan related information. 2024-11-01 The Canada Revenue Agency announces the new limits for 2025 and 2026. 2025 money purchase (MP) limit will be $33,810 2025 defined benefit (DB) limit will be $3,756.67 2026 registered retirement savings plan (RRSP) limit will be $33,810 2025 deferred profit sharing plan (DPSP) limit will be $16,905 2025 year’s maximum pensionable earnings (YMPE) will be $71,300 2025 year's additional maximum pensionable earnings (YAMPE) will be $81,200 2024-02-28 The Canada Revenue Agency’s Registered Plans Directorate is creating a secure portal that will allow the deferred income and savings plans industry to view and modify plan information, submit documents, open new accounts and more. ... Tax-free Savings Accounts (TFSAs) 2024-11-29 The CRA announces that the 2025 TFSA dollar limit will be $7,000. 2023-11-29 The CRA announces that the 2024 TFSA dollar limit will be $7,000. ...
Current CRA website
Meal and vehicle rates used to calculate travel expenses for 2023
Meal and vehicle rates used to calculate travel expenses for 2023 The rates for 2024 will be available on our website in 2025. ... Detailed method – This method allows you to claim the actual amount that you spent. ... Simplified method – This method uses a flat rate for meals and vehicle expenses. ...
Current CRA website
Meal and vehicle rates used to calculate travel expenses for 2023
Meal and vehicle rates used to calculate travel expenses for 2023 The rates for 2024 will be available on our website in 2025. ... Detailed method – This method allows you to claim the actual amount that you spent. ... Simplified method – This method uses a flat rate for meals and vehicle expenses. ...
Current CRA website
When and how do SIFT partnerships pay income tax
Monthly instalment payments You can calculate your monthly instalment payments using one of the following options: Option 1 – One-twelfth (1/12) of the estimated tax payable for the current tax year (2025) is due each month of the tax year. Option 2 – One-twelfth (1/12) of the tax payable from the previous tax year (2024) is due each month of the current tax year. Option 3 – One-twelfth (1/12) of the tax payable from the year before the previous tax year (2023) is due in each of the first two months of the current tax year. ...
Current CRA website
Filing information returns
The first filing deadline is January 31, 2025, for the 2024 calendar year. ... Temporarily waiving penalties for late filing If you file a late information return for the first filing deadline of January 31, 2025, you will not be charged penalties and interest. This is valid until July 31, 2025. However, we still encourage you to file on time. ...
Current CRA website
Transfers
Example – Qualifying transfers between TFSAs of the same individual On May 5, 2025, Michel contributed $7,000 to his TFSA in Bank "A" and contributed the maximum dollar amount to his TFSA every year prior to 2025 leaving him with a remaining TFSA contribution room of zero. ... In addition, if Michel left his contribution to Bank "B" in his TFSA for the rest of the year, his tax would be calculated as follows: highest excess TFSA amount per month from July to December was $7,025 tax of 1% per month on the highest TFSA excess amount is $421.50 ($7,025 × 1% × 6 months) Transfers upon breakdown of marriage or common-law partnership When there is a breakdown in a marriage or common-law partnership, an amount can be transferred directly from one individual's TFSA to the other's TFSA without affecting either individual's contribution room. ...
Current CRA website
EI premium rates and maximums
Calculate payroll deductions and contributions Get ready to make deductions About the deduction of CPP contributions CPP contribution rates, maximums and exemptions Second additional CPP contribution (CPP2) rates and maximums New – 2024 About the deduction of EI premiums EI premium rates and maximums About the deduction of income tax Income tax rates and income thresholds About the GST/HST on benefits GST/HST rates on benefits Determine if a benefit is taxable Determine the tax treatment of payments other than regular employment income How to calculate Make corrections before filing EI premium rates and maximums For each year, the CRA provides the: Maximum insurable earnings Rate you use to calculate the amount of EI premiums to deduct from your employees' remuneration. On this page Federal EI premium rates and maximums Quebec EI premium rates and maximums References Federal EI premium rates and maximums Federal EI premium rates and maximums Year Maximum annual insurable earnings definition: Maximum annual insurable earnings Rate (%) definition: Rate Maximum annual employee premium definition: Maximum annual employee premium Maximum annual employer premium definition: Maximum annual employer premium New 2025 $65,700 1.64 $1,077.48 $1,508.47 2024 $63,200 1.66 $1,049.12 $1,468.77 2023 $61,500 1.63 $1,002.45 $1,403.43 2022 $60,300 1.58 $952.74 $1,333.84 2021 $56,300 1.58 $889.54 $1,245.36 2020 $54,200 1.58 $856.36 $1,198.90 2019 $53,100 1.62 $860.22 $1,204.31 2018 $51,700 1.66 $858.22 $1,201.51 2017 $51,300 1.63 $836.19 $1,170.67 2016 $50,800 1.88 $955.04 $1,337.06 2015 $49,500 1.88 $930.60 $1,302.84 2014 $48,600 1.88 $913.68 $1,279.15 2013 $47,400 1.88 $891.12 $1,247.57 2012 $45,900 1.83 $839.97 $1,175.96 2011 $44,200 1.78 $786.76 $1,101.46 2010 $43,200 1.73 $747.36 $1,046.30 2009 $42,300 1.73 $731.79 $1,024.51 2008 $41,100 1.73 $711.03 $995.44 2007 $40,000 1.80 $720.00 $1,008.00 2006 $39,000 1.87 $729.30 $1,021.02 2005 $39,000 1.95 $760.50 $1,064.70 2004 $39,000 1.98 $772.20 $1,081.08 2003 $39,000 2.10 $819.00 $1,146.60 2002 $39,000 2.20 $858.00 $1,201.20 2001 $39,000 2.25 $877.50 $1,228.50 2000 $39,000 2.40 $936.00 $1,310.49 1999 $39,000 2.55 $994.50 $1,392.30 1998 $39,000 2.70 $1,053.00 $1,474.20 Quebec EI premium rates and maximums Quebec EI premium rates and maximums Year Maximum annual insurable earnings definition: Maximum annual insurable earnings Rate (%) definition: Rate Maximum annual employee premium definition: Maximum annual employee premium Maximum annual employer premium definition: Maximum annual employer premium New 2025 $65,700 1.31 $860.67 $1,204.94 2024 $63,200 1.32 $834.24 $1,167.94 2023 $61,500 1.27 $781.05 $1,093.47 2022 $60,300 1.20 $723.60 $1,013.04 2021 $56,300 1.18 $664.34 $930.08 2020 $54,200 1.20 $650.40 $910.56 2019 $53,100 1.25 $663.75 $929.25 2018 $51,700 1.30 $672.10 $940.94 2017 $51,300 1.27 $651.51 $912.11 2016 $50,800 1.52 $772.16 $1,081.02 2015 $49,500 1.54 $762.30 $1,067.22 2014 $48,600 1.53 $743.58 $1,041.01 2013 $47,400 1.52 $720.48 $1,008.67 2012 $45,900 1.47 $674.73 $944.62 2011 $44,200 1.41 $623.22 $872.51 2010 $43,200 1.36 $587.52 $822.53 2009 $42,300 1.38 $583.74 $817.24 2008 $41,100 1.39 $571.29 $799.81 2007 $40,000 1.46 $584.00 $817.60 2006 $39,000 1.53 $596.70 $835.38 2005 $39,000 not applicable not applicable not applicable 2004 $39,000 not applicable not applicable not applicable 2003 $39,000 not applicable not applicable not applicable 2002 $39,000 not applicable not applicable not applicable 2001 $39,000 not applicable not applicable not applicable 2000 $39,000 not applicable not applicable not applicable 1999 $39,000 not applicable not applicable not applicable 1998 $39,000 not applicable not applicable not applicable Table legend Maximum annual insurable earnings This is the maximum insurable earnings on which the employer and employee are required to pay EI premiums, for in a year for their employment with that employer. ...
Current CRA website
Province of Alberta
For July 2025 to June 2026, you may be entitled to receive the following amounts: $1,499 ($124.91 per month) for the first child $749 ($62.41 per month) for the second child $749 ($62.41 per month) for the third child $749 ($62.41 per month) for the fourth child The benefit is reduced as family income exceeds $27,565. ... More information T4114 – Canada Child Benefits pamphlet Related services and information Direct deposit My Account Contact information- child and family benefits CRA uncashed cheques Page details Date modified: 2025-05-09 ...