This years deadline to file your 2012 T1 Individual tax return is Tuesday, April 30, 2013. We offer a personal service at a reasonable and competitive rate. Feel free to use our forms available in the Resource section of our website to assist with compiling important tax information. Connect with our office by telephone at (613) 755-4011 to have your tax return filed on-time.
If your business is a corporation you may want to consider using a holding company to own your operating company. A holding company structure offers tax deferral opportunities, long-term estate planning and other added benefits.
How it works is a holding company owns the shares of the operating company. The operating company can pay a dividend tax-free to a holding company. Having said that, if there are multiple shareholders under the operating company, you may decide not to draw a dividend personally today and pay tax, therefore using the holding company to defer taxes on the dividend and or use the funds for other investments. Now, if you decide to draw funds from the holding company there is an opportunity to income split with other family members. All of this can be accomplished with proper planning and advice.
Connect with us today for a free consultation to find out more about using a holding company within your organizational structure.
By winning these competitions, Alex is entered in the Dancer of the Year National competition in Hollywood, Florida and in Orlando, Florida in early July 2012. These competitions run for a period of two weeks where the child is exposed to renowned choreographers and dance teachers. Each of the regional winners from all over North America will be competing at the end of the workshops for the title.
You can see Alex perform by visiting http://www.youtube.com/watch?v=2477jMEkBtw&sns=em
There is presently a fundraising campaign where you can enter a draw to win one of two $100 gift certificates. Each ticket is sold for 99cents and the draw will take place on June 30th, 2012. The winners will be announced on Elite Accounting's website (www.eliteaccounting.ca) on July 3rd. You can purchase your tickets by contacting Patrick Guillot at (613)325-9352 or by email at firstname.lastname@example.org
The 30th anniversay H.O.P.E Volleyball Summerfest is happening on Saturday, July 14th in Ottawa at Mooney's Bay Beach.
Now that most of us have filed our 2011 Income tax returns, here are the 2012 Federal rates:
- 15% on the first $42,707 of taxable income, +
- 22% on the next $42,707 of taxable income (on the portion of taxable income over $42,707 up to $85,414), +
- 26% on the next $46,992 of taxable income (on the portion of taxable income over $85,414 up to $132,406), +
- 29% of taxable income over $132,406.