Category: Tax Tips

How to Maximize Your Passive Income
Tax Tips
How to Maximize Your Passive Income: Smart Tax Strategies for Investors

Generating passive income is a goal for many individuals looking to achieve financial independence and …

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Investment Tax Credits
Tax Tips
Investment Tax Credits: How to Boost Your Returns While Reducing Taxes

Investing in opportunities that align with your financial goals while reducing tax liabilities is a …

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Estate Freeze and How Can It Benefit Your Family's Wealth
Tax Tips
What is an Estate Freeze and How Can It Benefit Your Family’s Wealth

What is an Estate Freeze and How Can It Benefit Your Family’s Wealth Estate planning …

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How to Get a Refund on Non-Resident Taxes Withheld in Canada
Tax Tips
How to Get a Refund on Non-Resident Taxes Withheld in Canada

For non-residents earning income from Canadian sources, understanding withholding tax in Canada is essential to …

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Cross-Border Tax Filing
Tax Tips
Cross-Border Tax Filing: Essential Tips for Non-Residents and Dual Citizens

For non-residents and dual citizens navigating tax obligations between the United States and Canada, cross-border …

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New personal tax credits
Personal Tax, Tax Tips
New Personal Tax Credits 2024

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

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Can I Deduct My Home Office Expenses?
Tax Tips
Can I Deduct Home Office Expenses on my Tax Return 2024?

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

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Canadian Entrepreneurs’ Incentive in Capital Gains Tax Overhaul
Tax Tips
Federal Government Announces Updates to Canadian Entrepreneurs’ Incentive in Capital Gains Tax Overhaul

The recent federal tax changes for entrepreneurs in Canada have brought significant updates to the …

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Tax Planning Strategies for Brampton Contractors in the Gig Economy
Tax Tips
Tax Planning Strategies for Brampton Contractors in the Gig Economy

The Canadian gig economy offers numerous opportunities for independent contractors, but tax season often adds …

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How Tech Firms Can Optimize 2024 Tax Planning
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 Documents And Calculator, Representing Income Tax Preparation.
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 2024

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

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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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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 …

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