Author / Pagnanini Edwards Lam

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  • When You Owe the Government Money Other than Taxes

    CRA collects amounts owed for not just tax programs, but also for other government programs, including, for example: defaulted Canada Student Loan; provincial medical services plan premiums (e.g., MSP) Employment Insurance overpayment;…

  • GST/HST and Taxable Benefits: Impact on Employee and Employer

    The provision of some benefits to employees may be subject to GST/HST. Essentially, the CRA wants to ensure that the same amount of GST/HST is paid whether an employee purchases a good…

  • CRA Goes Proactive!

    Canada Revenue Agency is taking a proactive approach to helping small and medium-sized businesses meet their tax obligations, thus saving businesses time and money by helping them to avoid problems before they…

  • Lump-Sum Support Payment: Deductible?

    In order for spousal support payments to be deductible to the payer, the recipient must have discretion as to its use, the individuals must be living separate and apart because of a…

  • New Year, New Interest Rates (sort of)

    Canada Revenue Agency has announced their prescribed interest rates for the first quarter of 2015. There have been no changes to the third quarter 2014 rates with the exception of the interest…

  • Last Blog of 2014! Get Your Year End Planning Tips Here!

    The 4th Quarter 2014 PEL Tax Break is now available for download [here]. We have also uploaded some Year End Tax Planning Tips for individuals and Remuneration Planning Tips for owners of…

  • Holiday Closure Notice (and the Best of the Holiday Season to You!)

    The team at PEL would like to wish you and your families a very Happy Holidays and all the best for 2015. Our office will be closing for the holidays at 2:30pm…

  • Split Your Income, Cut Your Family’s Tax

    The Government of Canada has announced the Family Tax Cut, effective for the 2014 tax year, which allows couples with children under 18 years of age to split their income. The result…

  • Child Care Benefits – Now More Beneficial!

    Universal Child Care Benefits The Government of Canada has announced that the monthly Universal Child Care Benefit (UCCB) will increase from $100 to $160 per child under age 6. A new UCCB…

  • It Pays (More) to Get the Kids Off the Couch.

    As part of an initiative to assist families, the Government of Canada has announced that the Children’s Fitness Tax Credit limit has been raised from $500 to $1,000 per child for the…