Ernst & Young’s Guide to Preparing 2008 Personal Tax Returns

Description:

• A "What's New" chapter that provides an overview of the income tax changes for 2008, including new rates, thresholds, and credits.
• An introductory lookup table to help you quickly locate a specific T1 line number.
• A copy of the seven T1 General Returns (Appendix A): Common, Ontario, Quebec, Newfoundland and Labrador, Northwest Territories, Yukon, and Non- Residents and Deemed Residents.
• Provincial and territorial tax (Chapter 7): All provincial and territorial tax forms and guides.
• Quebec content (Chapter 8): TP-1 returns, schedules, and workcharts, as well as the Quebec Guide to the Income Tax Return.
• Annotations for each T1 and TP-1 line provide cross-references to related CRA materials, legislation, T1 and TP-1 lines, and reference tables.
• Reference Tables (Appendix C): Provincial tax rate and credits; foreign exchange rates; prescribed interest rates; annual contribution limits for RPPs, RRSPs, and DPSPs; CPP-QPP payment rates; OAS, GIS, and SPA payment rates; capital cost allowance rates; automobile deduction limit and expense benefit rates; probate fees; status of tax treaties, and much more.
• CRA guidance: Wherever a form, guide, pamphlet, or other publication is referenced or would be helpful, it is reproduced in the book and/or on the Bonus Reference CD-ROM.
• Comprehensive index: Helps you find what you’re looking for, quickly and easily.
• Ernst & Young commentary: Overview of applicable rules, as well as examples and tax planning tips; sections to help you determine residency status and rules; detailed chapters on business income, capital gains, special situations, and administration. All Ernst & Young material is shaded in grey to distinguish it from CRA guidance and administrative materials.
• Logical, helpful organization – In addition to the detailed table of contents at the front of the book, each chapter begins with a “mini” table of contents outlining all of the components of that chapter. Bleed tabs separate each chapter, making it even easier to quickly navigate through the book.