January 2019


2018 T4 Information

In order to facilitate the accurate preparation of your 2018 T4 information returns, we are pleased to enclose a summary of significant taxable benefits that may apply to your employees.

Click Here to view the Summary 

It should be noted that, as mentioned last year, if you are submitting more than 50 information returns (slips) you are required to file electronically.   If you fail to comply with this requirement, you may be subject to an incorrect filing format penalty.  We can assist you in ensuring your compliance with these new rules.

If your T4 information return is being prepared by Lipton LLP, we will be electronically filing all 2018 T4 information returns whenever possible.

If you have any questions concerning the preparation of 2018 T4 information returns and slips, please contact our office.

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Tax Planning Update – RRSP/TFSA

Tax Planning Update – RRSP/TFSA
In order to assist you with your 2018 and 2019 tax planning, we are pleased to provide you with the following information in connection with Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA) as follows:
  • The maximum contribution limit for 2018 is $26,230.
  • The deadline for 2018 contributions is March 1, 2019.
  • Your contribution limit for 2018 is noted on your 2017 Notice of Assessment.
  • The maximum contribution limit for 2019 is $26,500.


  • The contribution limit for 2019 is $6,000.
  • The cumulative contribution limit from 2009 to 2019 is $63,500.

The rules regarding RRSP and TFSA contributions can be complex.  Please contact your Lipton LLP advisor if you would like to discuss your particular situation further.
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