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Fall 2019 Agriculture Matters
Climate Action Incentive Fund The Climate Action Incentive Fund (CAIF) is a new Environment and Climate Change Canada program funded with proceeds of the federal carbon pollution pricing system. The CAIF has three funding streams SME funding will be offered in multiple rounds during 2019 and 2020. The current round application period has been open…
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Ward & Uptigrove becomes Living Wage certified
Ward & Uptigrove has been certified as a Living Wage Employer by United Way Perth-Huron and the Social Research & Planning Council in the champion category, proudly ensuring all our staff meet or exceed the wage needed to maintain basic living expenses in our region.
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Spring 2019 Newsletter
Accounting Human Resources Solutions Wealth Management Company News 2019 Tax Measures There are several measures that come into effect for the 2019 tax year. Here we highlight key changes. Changes to a Canadian-Controlled Private Corporation’s (CCPC) ability to receive a dividend refund: Investment income earned by a CCPC is subject to a permanent tax portion…
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Spring 2019 Agriculture Matters
Federal Budget Matters The Federal Budget was released in March 2019. The budget included funding for Canadian egg, dairy and poultry farmers as well as funding for the Quota Value Guarantee Program. Additional details for the funding have not yet been announced. The federal budget also announced changes to the Specified Corporate Income (SCI) rules…
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Tax Alert – 2019 Federal Budget Commentary
Finance Minister Bill Morneau released Budget 2019 on March 19, 2019. In brief, the 2019 Budget includes $22.8 billion in new spending over the next five years. The government expects revenues to steadily increase by nearly $60 billion in 2023 and projects program spending to increase by $40 billion that year. Debt payments are projected…
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Agriculture Alert -Exemption for April 1, 2019 Fuel Charge
The Federal Government will be charging a carbon tax through the Greenhouse Gas Pollution Act on all fuel sold in Ontario beginning April 1, 2019. The tax will be $0.0442/L on gas and $0.0537/L on diesel (light fuel oil). Ontario farmers can receive an exemption for eligible farming activity, such as machinery or farm vehicles,…
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Agriculture Alert – CAP Intake Announced
Canadian Agricultural Partnership (CAP) will be next accepting applications from producers and processors from March 22 until May 6. These are cost-shared programs delivered by provinces and territories on a 60:40 basis.
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2018 Tax Season: Common Myths
Many myths have developed over the years around the income tax system and the filing of tax returns. This tax season, let us highlight some common misunderstandings and clarify the truth.
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Agriculture Alert – DFIP Phase 2 Announced
Phase 2 of the Dairy Farmers Investment Program (“DFIP”) has been announced with the next intake period opening on January 7, 2019. The government has made some significant changes from Phase 1 of the program to try to make it more equitable.
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Year End 2018 Newsletter
Accounting Human Resources Solutions Wealth Management Company News 2018 Personal Taxes – What Should You Know? What is new? The income tax credits for attending a post-secondary education program have been further restricted. Only the federal tuition tax credit remains for the tuition cost component. The Federal education tax credit component that was based on…
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Year End 2018 Agriculture Matters
United States-Mexico-Canada Agreement (USMCA) The terms of the USMCA were formally agreed to on October 1, 2018 and on November 31st, was signed by all three countries who must now work towards final ratification of the agreement. The timing of ratification is dependent on the Canadian Senate, U.S. Congress and Mexican Senate. The USMCA is…
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Tax Alert – Enhanced CCA rates
On November 21, 2018 the Federal government proposed an increase in the rates of CCA that can be claimed in the first year for purchases of various equipment and buildings. In general, these changes greatly increase the amount of CCA that can be claimed in the first year an asset is purchased.