Archive for February, 2008

Update Is In Progress

I am currently processing a backup of my data here, and planning to shortly upgrade this wordpress v2.2.2 version blog to the latest wordpress version 2.3.3.

As this will be a major upgrade (to new tagging system, etc) .. this may take a while - but, I have selected this wee hour to perform the upgrade.

Immediately, following the upgrade, I plan to implement the “network” template onto this blog and, hopefully - this should be done in the next couple of hours - after my backups are complete.

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Tax tip - Generosity is rewarding!

The following is now available on the CRA Web site:

Did you know…

That you may be able to reduce your income tax by donating to registered charities? You can verify whether a charity is registered by searching for it in the Canada Revenue Agency (CRA) Charities Listings.

In 2007, the federal tax credit for charitable donations is calculated as 15% of the first $200 of donations, plus 29% of the amount donated over $200. You may also be eligible for provincial or territorial tax credits based on the applicable provincial or territorial rates. You can claim donations made this year, or carry forward any unclaimed donations for up to five years. Married or common-law couples can pool their donations and claim them on one return.

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Legislation to Speed Up Support to Vulnerable Communities Receives Unanimous Consent in Parliament

Ottawa, February 5, 2008
2008-010

The Honourable Jim Flaherty, Minister of Finance, today introduced Bill C-41 in Parliament, which was unanimously adopted at all stages. Upon receiving Royal Assent, this legislation will allow $1 billion in federal funding to begin flowing to struggling communities through the Community Development Trust recently announced by Prime Minister Stephen Harper.

“Vulnerable communities have made it clear that this funding will make a real and lasting difference in addressing economic hardship caused by a shifting global economic landscape,” said Minister Flaherty. “They have also expressed the need to receive this assistance in a timely fashion, which is why the Government of Canada made the timely adoption of Bill C-41 a priority for this parliamentary session.”

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To The Strangely Curious Folks Who Twitter

PetLvr <== twitter.com/PetLvr

With the aid of a utility program downloaded from twhirl.org/ … I am willing to give Twitter a chance in the month of February 2008. I will try not to make fun of you twitterheads … well, okay - I’ll become a twitterhead too - and if I can’t laugh at myself, right? So - I’ll probably continue to make fun of twitterheads….

tweet tweet

Back By Popular Demand - The Canada Revenue Agency offers business tax help on Saturdays

The following is now available on the CRA Web site:

News release

Ottawa, Ontario, February 4, 2008… The Canada Revenue Agency (CRA) will provide service on its business enquiries telephone lines on two Saturdays, February 16, and 23, 2008, from 10:00 a.m. to 4:00 p.m. This extended service will assist employers who need help preparing T4 slips for employees.

The CRA’s business enquiry telephone service operates year round with agent-assisted service available from Monday to Friday between 8:15 a.m. and 8:00 p.m. Automated service is available 24 hours a day, 7 days a week.

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It’s T4 Preparation Time

It’s that time of the year again. Employers have to prepare and file T4’s, and other reporting slips, with Canada Revenue Agency by the end of February each year to be compliant. Employees, on the other hand wish to receive their T4’s as soon as possible, because if there is a chance to file their income tax returns early and get a hefty tax refund - they can use the cash to pay off some bills.

Somehow, by splitting this difference between employee wants (January 1st) and employer deadlines (February 29th) .. middlemen such as myself come into play usually by the beginning of February!

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iBlog Competition - February 2008

If you like this site .. please vote for 1-8-0-0-H-A-R-T :D

http://iblogcup.com/blogCup5/main.php

International Blog Cup (IBC) is a variation of sports tournament for Bloggers. It is based on knock-out tournament format which means the blog with the most continuous support wins the monthly cup title.

Each Blog Cup Winner and Runner-up receives a Virtual Blog Cup Trophy (see below) and will be featured in Blogs of Fame section.

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