Category: Tax Tips

Calculator on financial documents showing bar graphs, symbolizing Alternative Minimum Tax (AMT) calculations in Canada
Financial Freedom, Personal Tax, Professional Corporation, Tax Tips
What Is the Alternative Minimum Tax (AMT) and How Does It Affect Your Taxes?

Understanding the Canadian tax system can be complex, especially when it comes to specialized tax …

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Illustrated checklist and calculator representing estate planning process in Canada with financial graphs and charts
Financial Freedom, Personal Accounting, Personal Tax, Professional Corporation, Tax Tips
Estate Planning in Canada: A Complete Guide with Checklist for Families

Estate planning is a vital step to ensure your assets are managed and distributed according …

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Digital illustration of house and financial graphs representing capital gains tax implications on inherited property in Canada
Accounting Firm, Personal Accounting, Tax Tips
How to Avoid Paying Capital Gains Tax on Inherited Property in Canada

Inheriting property can be both a blessing and a financial challenge in Canada. While receiving …

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Graphic showing the word TAX weighing down on silhouettes of stressed individuals, symbolizing the financial burden of estate taxes in Canada
Personal Tax, Professional Corporation, Tax Tips
Estate Tax in Canada 2025: What It Is, Who Pays It, and How to Minimize It

When it comes to planning for the future, one area Canadians often overlook is the …

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Person using calculator and laptop to evaluate intangible assets for tax filing in Canada
Accounting Firm, Tax Tips
How Intangible Assets Are Treated for Tax Purposes in Canada

Intangible assets play an increasingly important role in the value and operations of modern businesses. …

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What are the Articles of Incorporation?
Personal Tax, Professional Corporation, Tax Tips
What are the Articles of Incorporation?

Articles of incorporation in Canada is a legal document required for the incorporation process and …

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How to Pay the Canada Revenue Agency
Tax Tips
How to pay the Canada Revenue Agency (CRA)

It’s fair to say that many Canadians aren’t fond of paying taxes, and that sentiment …

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Leasing vs. Financing a Car
Tax Tips
Leasing vs. Financing a Car for Your Business in Canada

The decision on whether leasing or financing a car is better for you is dependent …

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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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Income Splitting
Personal Tax, Tax Tips
Income Splitting in Canada for 2025

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

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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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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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