Author: Darrel Pratt

Is the CPP death benefit taxable? Yes, by the person or estate who receives it. If an estate receives the death benefit, the amount is included in the estate’s taxable income on line 19 of the trust’s T3 income tax and information return in the year the payment is received. Who claims the CPP death […]

At a bare minimum, you should always have with you: Canadian-approved flotation device or lifejacket of appropriate size for each passenger on board. Buoyant heaving line at least 15 metres in length. Watertight flashlight OR Canadian approved flares – Type A,B or C. Sound-signaling device. What are the required items to have on a boat? […]

Find out what the average Good salary is How much does a Good make in Canada? The average good salary in Canada is $44,850 per year or $23 per hour. Entry-level positions start at $31,200 per year, while most experienced workers make up to $90,714 per year. What is a livable yearly salary in Canada? […]

You can only be refunded what you overpaid in taxes, so overpayments are the main reason people get refunds. Of course, any allowable tax deductions or credits that you claim will also reduce the amount of tax you owe and could therefore boost the size of your refund. Do you get all the taxes you […]

The Canada Revenue Agency will only accept one return per tax year. Once you’ve filed your return (mistakes and all), you can’t file a new one. But you can correct the original by way of an adjustment. You must wait until you have received your Notice of Assessment before submitting any adjustment requests. What happens […]

Despite such great promise, ethical and social concerns over gene editing have restricted the use of CRISPR-Cas9 in Canada. Canada has some of the most restrictive gene editing laws in the world, where gene editing on inheritable genes is a criminal offense, punishable by up to 10 years in prison. Is gene editing allowed in […]

Health Canada has been assessing GM foods for more than 20 years. What agencies regulate GMOs? The U.S. Food and Drug Administration (FDA), U.S. Environmental Protection Agency (EPA), and U.S. Department of Agriculture (USDA) ensure that GMOs are safe for human, plant, and animal health. How are GM foods regulated in Canada? There are no […]

Under Art. 10(2) of the Netherlands-Canada tax treaty, the source state can subject the dividends to withholding tax. If the recipient is the beneficial owner the tax shall not exceed 5% (25% under domestic law) if the company has a participating interest. Is there a tax treaty with the Netherlands? The U.S.- Netherlands Income Tax […]

What is a General Security Agreement? A GSA is a contract signed between two parties, a borrower and a lender. The GSA protects the lender by creating a security interest in all or some of the assets of the borrower. In sum, the GSA outlines the terms and conditions of the loan, and lists the […]

Social security agreements for Canada refer to the Old Age Security Act and the Old Age Security. These agreements are bilateral treaties under international law, which coordinate the social security legislation of the two countries. What countries have Social Security agreements with Canada? Countries that have an agreement with Canada Country Effective date Maximum period […]