| If you have been considering purchasing assets for
your business, we would recommend that you purchase these assets before
the end of the year, instead of waiting until next year. If you
purchase these assets in December, you will be entitled to a half-year
tax depreciation in the current year and a full-year tax depreciation in
the next year. But if you waited until January, you would only be
entitled to a half-year tax depreciation in the next year and a
full-year tax depreciation in the following year.
You should also be aware that the assets have to be available-for-use
to qualify for the half-year tax depreciation in the year of purchase.
Tax Breaks for Charitable Donations
General Tax Planning Tips
RESP's
The New Foreign Reporting Requirements
Tax Planning for the Owner/Manager
Loans to a Spouse
Consider Buying Assets Before the End of the Year
Pension Adjustment Reversed (PAR)
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