Budget 2019: Investing in the Middle Class to Grow Canada's EconomyMake home ownership more affordable for first-time buyers by implementing a First-Time Home Buyer Incentive, a shared equity mortgage program that would reduce the mortgage payments required to own a home; and by providing greater access to their Registered Retirement Savings Plan savings to buy a home.Help workers gain new skills: with the creation of the new Canada Training Benefit, a benefit that will give workers money to help pay for training, provide income support during training, and, with the cooperation of the provinces and territories, offer job protection so that workers can take the time they need to keep their skills relevant and in-demand.Prepare young Canadians for good jobs by helping make education more affordable through lowered interest rates on Canada Student LoansHelp Canadians with the cost of prescription drugs by taking steps towards a national pharmacare plan, starting with creating a new Canadian Drug Agency.Support low-income Canadian seniors who choose to stay in the workforce by enhancing the Guaranteed Income Supplement earnings exemption so that they can effectively keep more of their hard-earned income.Give all Canadians access to high-speed internet so all Canadian homes and businesses have access to 50 Mbps. Lower Canadians' energy costs by partnering with the Federation of Canadian Municipalities to increase energy efficiency in residential, commercial and multi-use buildings.
Self Employed & Business Owner: Feb 28 is due date to file T4 & T5 Slip. Deadline for employers and other payers to give taxpayer an information slip, usually a T4 Statement of Remuneration Paid & T5 if you receive Dividend from the Corporation, which tells you and the CRA exactly how much you earned in 2018.Legislated late-filing penaltiesNumber of information returns (slips) filed latePenalty per day (up to 100 days) $10 per day late penalty upto Maximum penalty $1,000
ARE YOU BEHIND ON TAXES?Let us help you get caught up with your previous years taxes. We can help you to get missing income slips. There may be ways to lower the interest and penalties as well.call at 905-847-6200
