Author Archive | Debi Peverill

RRSP Deadline approaches

If you are planning to deduct a registered retirement savings plan contribution on your 2016 personal income tax return you have to have a receipt dated March 1, 2017 or earlier. I do not know how an RRSP contribution fits in to your overall retirement plan, but if you are contributing – the deadline approaches. […]

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Is Your Social Media Strategy Coherent?

Does your organization know why it is on Social Media? Most groups know why they have a website but their participation on social media is less structured. (Websites exist in the non profit sector at least as a way for stakeholders to find you – in case you were wondering) The Facebook or Twitter participation […]

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HST on Imports

Many volunteer organizations are exempt for HST purposes, which sounds good and is not. An organization that is exempt is unable to recover HST paid on items purchased and used in their volunteer activities. If you import items into Canada the Canada Border Services group is responsible for collecting HST at the border. If you […]

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Standby charges and HST owing

If your corporation owns a passenger vehicle that is driven home by an employee then you have to calculate a standby charge and put it on the employees T4 as a taxable benefit. There is a calculation which is based on 2% per month of the original cost (plus HST) of the vehicle, plus a […]

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Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly