Category: Tax Tips

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 …

Read More

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 …

Read More

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 …

Read More

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 & …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

What are Stock Options and How are They Taxed in Canada?
Corporate Tax, Tax Tips
What are Stock Options and How are They Taxed in Canada?

What is a stock option? Stock options are a financial tool that permits the option …

Read More

Tax Deductions when Moving to a New Job in Canada
Tax Tips
Moving Expenses Tax Deductions in Canada

If you are relocating for a new job in Canada some of the expenses you …

Read More