A year-end tax plan presents an opportunity for you to minimize your taxes and improve your financial position come tax season next spring; resulting in a larger tax return or at least a lot less tax owing.
Recent Manitoba budget reports that the financial situation for the province has worsened and the revised budget deficit for the 2015/16 fiscal year is now $1.011 billion which is up from the $422 million deficit predicted in last year’s budget.
CRA considers that a crop share received by a landowner is rental income and not income from farming. However, you could be considered to be in the business of farming if the sharecropper is an employee who receives a crop share in lieu of salary.
“Jobs For Today & Tomorrow!” On February 25, 2016, the Honourable Charles Sousa presented his 5th budget as Minister of Finance. Continuing on its path to balance the budget in 2017-18, the government’s plan for economic growth and job creation focuses on 4 tenets:
The B.C. government introduced another balanced budget for 2016, which includes forecast surpluses in all 4 years of the fiscal plan and modest investments in priority areas. The provincial economy is expected to grow by 2.4% in 2016 and 2.3% in 2017.