Archive for March, 2011

Still running QuickBooks 2008 or earlier?

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Any business owner that is running QuickBooks 2008 or earlier, an important message from Intuit Canada.

AS OF MAY 31, 2011
live technical support and business services
will be discontinued for QuickBooks 2008

Support
Throughout March and April, we’ll be contacting QuickBooks 2008 customers to prepare them for this change.

Why We Discontinue Support for Older Versions
By reducing the costs to maintain older product releases, we can continue to ...

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Tax Tip #5 – First Time Home Buyer’s Credit

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And the series of Tax Tips continues…this week’s information will be helpful to those individuals who purchased a home for the first time.  This tax credit was introduced in 2009 and is completely independent from the Home Buyer’s Loan program by CRA.Home Buyer Tax Credit

If you are a first-time homebuyer, a person with a disability, or an individual buying a home on behalf of a related person with a ...

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Tax Tip #4 – Change in Allowable Medical Expenses

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Tax Tip #4 in our Series of Tax Tips….Medical Expenses

A new change came into place in 2010 which affects the medical and dental expenses which can now be claimed for tax purposes. Medical or dental services or related expenses which are provided for purely cosmetic purposes are no longer eligible medical expenses for purposes of the medical expense tax credit, unless the services are necessary for medical or reconstructive ...

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Tax Tip #3 – Charitable Donations

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Here is the next tip in our series of Tax Tips.

There is usually an added benefit if payments for charitable donations for two years are grouped into one year. This is due to the fact that the first $200 of donations is eligible for a 15% federal non-refundable credit in 2010 while the excess over $200 is eligible for a 29% credit. You’ll receive a larger credit if ...

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