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Early CPP

Normally, you would start your retirement pension the month after you reach 65. However, you can begin the CPP as early as your 60th birthday or as late as your 70th.

The amount of the pen-sion is adjusted by 0.5{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62} for each month that you start to receive your pension ei-ther before or after your 65th […]

By |December 4th, 2011|Tax Tips|0 Comments

Keep The Invoices

Improper input tax credit (ITC) documentation is one of the main reasons for GST/HST reassessments. Proper invoices to support ITCs are required by Canada Revenue Agency auditors. For example, the input tax credit may be disallowed if only the credit card slip is provided rather than the actual invoice.

The supplier’s GST/HST registration number should be […]

By |December 4th, 2011|SmallBiz Builder|0 Comments