Category: Tax Tips

Accounting Firm, Tax Tips
How Tech Firms Can Optimize 2024 Tax Planning

Ensuring compliance with Canadian taxes is crucial for any startup. Understanding which taxes you owe, …

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Tax Tips
Ottawa’s Initiative: Proposing Sales Tax Exemption for Counselling and Psychotherapy Services

Did you know that 1 in 5 Canadians experiences a mental illness in any given …

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Tips to Pay Taxes for Ecommerce in Canada
Tax Tips
Tips to Pay Taxes for Ecommerce in Canada

Did you know? e-commerce retail sales in Canada have experienced significant growth since 2017. Commencing …

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How a T5 Slip Should Be Prepared
Personal Tax, Tax Tips
How a T5 Slip Should Be Prepared

The main purpose of a T5 slip is to pinpoint the various types of investment …

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Tax Depreciation
Tax Tips
Capital Cost Allowance (CCA) – What is Tax Depreciation?

As a business proprietor, you’re probably familiar with the array of tax advantages. Beyond the …

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CPP EI Self Employment
Tax Tips
How to Pay CPP & EI For Self-Employed Business Owners

For individuals who are self-employed, navigating the process of completing their personal Income Tax & …

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Benefits of Tax-Free Investing
Tax Tips
Unlocking the Power: Embracing the Benefits of Tax-Free Investing

For most Canadians, investing in a Tax-Free Savings Account (TFSA) or a Registered Retirement Savings …

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Income Splitting
Personal Tax, Tax Tips
Income Splitting in Canada for 2023

The federal government’s expanded Tax on Split Income (TOSI) rules came into effect on January …

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Can I Deduct My Home Office Expenses?
Tax Tips
Can I Deduct Home Office Expenses on my Tax Return 2023?

A growing segment of the Canadian population is self-employed, and many are operating their business …

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New personal tax credits
Personal Tax, Tax Tips
New Personal Tax Credits 2023

What is a Tax Credit? When filing your tax return, you can claim any tax …

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RRSP Deadline 2013 for 2012 RRSP Contribution
Tax Tips
RRSP Deadline 2022 & Contributions

Many Canadians may have challenges saving money for retirement due to the different situations and …

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How to Pay Airbnb Host Taxes in Canada?
Tax Tips
How to Pay Airbnb Host Taxes in Canada?

Do you wish to determine whether your Canadian Airbnb income is taxable or not?  Have …

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