Alberta’s tax credit for small business dividends starting in 2014 December 20, 2013

Measures introduced by the federal government for 2014 will lower the gross-up factor from 25 per cent to 18 per cent for dividends paid out of income taxed at the small business rate. This will automatically reduce the value of the Alberta dividend tax credit that applies to these dividends. Alberta’s policy is to fully…

New initiatives to assist small and medium-sized businesses: consultations on the proposed Registration of Tax Preparers Program (RTPP)

On January 17, 2014, Minister Kerry-Lynne Findlay announced the introduction of a new three-point plan to improve compliance and provide support to the small and medium-sized business community. As part of this initiative, the Minister launched a consultation process with taxpayers and the tax preparer community on the proposed Registration of Tax Preparer Program (RTPP),…

Harper Government announces new measures to support small business compliance

January 17, 2014 – Toronto, Ontario – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced 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…