The 2019 contribution limit for Tax Free Savings Accounts (TFSA) is expected to grow to $6,000. The contribution limit is calculated using an indexing mechanism, in which the base amount compounds annually by the Consumer Price Index, and is then adjusted to the nearest $500. In 2009, when the TFSA was first introduced, the base […]
This author has yet to write their bio.Meanwhile lets just say that we are proud KHGrandForks contributed a whooping 119 entries.
Entries by KHGrandForks
Various deductions and credits can help to reduce the amount of taxes payable to the Canada Revenue Agency (CRA) each year. Please take a few moments to review the following items, to ensure you do not miss out on any eligible expenses for you and your household. Please feel free to contact your Kemp Harvey […]
Yes, it is that time of year again – time to file your personal income tax returns. Before you bring your personal income tax information to your local Kemp Harvey Group office, we encourage you to work through the following checklist. This list will help to ensure you have all of the slips needed in […]
There are few changes to personal income taxes in 2018. Most personal tax rates remained the same in 2018 as compared to 2017. There was a change in the provincial tax rate on income over $150,000, which has been increased by 2.1% for ordinary income over that threshold. There has also been an increase in […]
Why Hire a Professional?
Unlike many other professionals, anyone can call themselves an accountant. The term accountant is not reserved or in any way restricted.