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2 dni temu · This refundable tax credit announced in Budget 2024 returns a portion of federal fuel charge proceeds directly to an estimated 600,000 small and medium businesses. Over $2.5 billion in retroactive payments will be issued to eligible Canadian-controlled private corporations (CCPCs) with respect to the 2019-2020 to 2023-2024 fuel charge years.
2 dni temu · Bill C-69 implements the changes to AMT that were announced in Budget 2023 with further proposed amendments announced in Budget 2024. The following are the implemented changes to AMT effective Jan. 1, 2024. Under the newly implemented rules, the AMT rate has increased from 15% to 20.5% which will result in more AMT payable for applicable taxpayers.
5 dni temu · Ontario announced its own provincial excise tax in 2023 that also comes into effect July 1, and opted to match the federal amount, meaning a manufacturer that pays a federal tax of $1.12 will pay ...
5 dni temu · Global price pressures beset Canada’s economy just as unemployment was nearing record lows amid a strong recovery from the pandemic. Policymakers face the challenge of reining in inflation without causing a recession.
5 dni temu · Reimbursement rates aligning with the IRS standard mileage rate (65.5 cents per mile for 2023 and 67 cents per mile for 2024) or a fixed and variable rate (FAVR) method are acceptable for the accountable plan criteria.
4 dni temu · Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
3 dni temu · uses a rate that takes all your vehicle running expenses (including registration, fuel, servicing and insurance) and depreciation into account. Rates. Rates are reviewed regularly. The rate is: 88 cents per kilometre for 2024–25; 85 cents per kilometre for 2023–24; 78 cents per kilometre for 2022–23; 72 cents per kilometre for 2020–21 ...
