In April the federal government proposed legislation to legalize marijuana. Each jurisdiction would adopt regulation to license the cultivation, distribution and sale of marijuana. The unlawful possession of small amounts of marijuana will be reduced from a crime to a misdemeanor but there will be stiffer penalties for driving while impaired.
Claiming charitable donations can be a tricky business and this year, well-heeled donors will be faced with additional tax complexity when they file their 2016 tax returns, due to a new tax bracket and rate for high-income earners.
The federal non-refundable tax credit for charitable donations, in fact, is now a three-tiered credit, with a sweetener added to the mix for first-time donors until 2017. Here’s how it all works:
This credit is for the cost of renovations to a home if someone in your family is at least 65 years of age or eligible for the disability credit. The expenses must allow the disabled individual to improve their safety or mobility in the home. The maximum credit is 15% of $10,000 or $1,500. As well, where more than one taxpayer qualifies for this credit, it can be split between taxpayers as long as the total cost of the renovations claimed does not go over the maximum $10,000 allowed.
Access to the Canada Learning Bond, will be improved, allowing low-income families to get a head start on saving for postsecondary education. Families are able to get an early start in saving for postsecondary education, the benefits are education is more affordable, and reduces student debt loads upon graduation.
The Disability Tax Credit – a non-refundable credit of $8001 for the tax year 2016. This credit can be claimed by someone markedly restricted in daily living activities – or their care giver. Individuals with progressive diseases, like Alzheimer’s or cancer may qualify after diagnosis. Survivors can still make the claim for deceased loved ones. A supplemental credit is available for disabled minor children in the amount of $4667, for a total credit of $12,668.
Platinum Books – Calgary
We are very excited to announce the expansion of our services
in the Calgary market
We have an extremely talented presence in the local market to service our customers
We welcome any referrals or connections
For more details contact Greg @ 204-229-9959
The Millennial workforce has a lot to offer an organization but, according to many Baby Boomer colleagues, they also still have a lot to learn. Baby boomers hold a wealth of knowledge and understanding, but, according to many Millennials, they are a little grumpy. Perceptions may not always be accurate but perception fuels reality and in the workplace that can impact productivity and performance.
“Millennials,” “Generation Y,” “Generation WE,” “The Boomerang Generation,” “The Peter Pan Generation,” – we go by many names and were born roughly between 1980 and 2000. Born in 1990, I fall right smack in the middle of this generation and there is no denying that we are the subject of a heated debate: are we a blessing or a curse?
A lot of people seem to think that we are, well, a pain. The week I graduated from college, Time Magazine released an article titled “Millennials: the Me Me Me Generation,” which called us lazy, entitled, self-obsessed narcissists. Ouch! On the other hand, we’ve been called open-minded, liberal, self-expressive, upbeat, and overtly passionate about equality. Naturally, I’d prefer to believe this description over the former (how Millennial of me). But, the truth is both arguments hold some grounds for belief. The reality must fall somewhere in between.
We are extremely proud to announce the addition of a new division
Platinum Books - HR
We are your outsourced Human Resources department
Our services include:
Discipline and Termination
Policy & Procedure Development
Birkman Psychometric Assessments
We would love to work with you or any colleagues that may be in need
Contact Greg or Penny at 204-779-4674 if you have any questions
“They don’t make ’em like they used to!” That may never be more true than when it comes to Baby Boomers as employees – from their work ethic and enthusiasm to their company loyalty. And as the Canadian Chamber of Commerce predicts a labour shortage of nearly one million people by 2020, due in part to the exodus of mature workers from the labour force, it’s critical for businesses to look for ways to retain and manage mature talent as long as possible. Along with the people themselves, organizations are also scrambling to retain the knowledge aging workers possess and ensure it is transferred to younger employees.
Platinum Books HR