Did You Know...

...that you can only claim 50% of the meals GST as a GST input credit?
...meal gift certificates are subject to the 50% meal rule?
...that any equipment over $500.00 is an asset and can not be expensed but must be onto the balance sheet?
...you can claim home renovations made between January 27, 2009 and February 1, 2010 as a home renovation tax credit on your 2009 income tax return? See the CRA website for more information on applicable receipts.
...that if you move for a new job you can claim the moving expenses on your personal taxes?
...there is a way to claim your medical and dental expenses through your business – even if you are a sole proprietor?
...golf is not a claimable expense?
...income affects claw backs, such as GST, old age security, the age credit, child tax benefit and certain provincial incentives?
...about the children's fitness tax credit?
...about the public transit passes tax credit?
...interest paid on qualifying student loans is eligible for a tax credit?
...the federal government will pay $100.00 a month for each child under 6 years old (this program is called the "Universal Child Care Benefit")?
...adults can deposit up to $5,000.00 into a Tax Free Savings Account (TFSA) per calendar year? And that the interest earned is tax FREE?!