AB – 2012 Corporate Tax RatesFor 2012, Alberta will levy a general corporate tax rate of 10%.
Qualifying small business income below the small business threshold
is taxed at the small business rate of 3%. The small business th...
AB – Corporate Net File for 2011 returnsEffective July 8, 2011, the Alberta Tax and Revenue Administration
(TRA) offers Alberta corporate income tax filers the option of
filing returns in electronic format. As the Alberta corporate
incom...
AB – Interest Rates—2012The province of Alberta levies and pays interest on underpayments
and overpayments of tax at rates prescribed by statute and set at
the beginning of each calendar qu...
BC – 2012 Corporate Tax RatesFor 2012, British Columbia will levy a general corporate tax rate
of 10%. The small business threshold is $500,000, and qualifying
small business income under that threshold is taxed at a rate of
2...
BC – Interest Rates—2012The province of British Columbia levies and pays interest at
prescribed rates on underpayments and overpayments of tax with
respect to corporation capital tax, logging tax, and insurance
premium ta...
MB – 2012 Corporate Tax RatesFor 2012, Manitoba will levy a general corporate tax rate of 12%.
The tax rate imposed on small business income below $400,000 is
0%.The province of Manitoba does not provide a preferential tax
rat...
MB – Interest Rates—2012The province of Manitoba levies interest on taxes owed at a rate
prescribed by statute. The rate for the first half of 2012 is as
follows:January 1 – June 30,
2012 7.00% ...
SK – 2012 Corporate Tax RatesFor 2012, Saskatchewan will levy a general corporate tax rate of
12%. Qualifying small business income below the small business
limit of $500,000 is taxed at a rate of 2%. Manufacturing and
processing...
SK – Interest Rates—2012The province of Saskatchewan levies interest on taxes owed at a
rate prescribed by statute. The rate for the first half of 2012 is
as follows:January 1 – June 30,
2012 6.00%...
Eco-ENERGY retrofit program ends earlyThe Minister of Natural Resources has announced that, as of January
28, 2012, his department has stopped accepting new registrations
for the federal EcoENERGY retrofit program. The program was orig...
Federal budget date set for March 29, 2012Minister of Finance Jim Flaherty has announced that the 2012-13
federal Budget will be released on Thursday March 29, 2012.It is
expected that the budget will be brought down around 4:00 EDT...
Inflation rate stands at 2.5% for January 2012The latest issue of Statistics Canada’s Consumer Price Index
release shows that prices rose by 2.5% for the month of January
2012, as measured on a year-over-year basis. The rate for
December...
Obtaining tax information slips onlineRecipients of certain types of government benefits, including Old
Age Security, Canada Pension Plan, and Employment Insurance can
obtain the tax information slips (T4A (OAS), T4A(P), T4E) needed
to...
Prescribed interest rates for 2012The Canada Revenue Agency (CRA) has announced the interest rates
that will apply to amounts owed to and by the federal government
for the first quarter of 2012, as w...
