Category: Tax Tips

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

The Tax Benefits of Shareholder Loans
Corporate Tax, Tax Tips
Tax Benefits of Shareholder Loans

As a shareholder of an incorporated business you should consider the possibility of issuing shareholder …

Read More

How to Pay Less Tax on Rental Properties
Personal Tax, Real Estate, Tax Tips
How to Pay Less Tax on Rental Properties

Let’s face it! We all want to pay fewer taxes. The first step always is …

Read More

How to Qualify for Ontario Interactive Digital Media Tax Credit (OIDMTC)
Corporate Tax, Personal Tax, Tax Tips
How to Qualify for Ontario Interactive Digital Media Tax Credit (OIDMTC)

As there is a notable shift in the world due to digital technology forces, the …

Read More

How Much Does it Cost to Buy a Dental Practice? - Ultimate Guide
Corporate Tax, Personal Tax, Tax Tips
How Much Does it Cost to Buy a Dental Practice? – Ultimate Guide

Buying a dental practice is a very stressful and time-consuming process. It can be a …

Read More

Tax Planning Tips for Canadian Doctors
Corporate Tax, Personal Tax, Tax Tips
Tax Planning For Doctors In Canada

It is important for Canadian doctors to have a plan in place for their taxes …

Read More

Corporate Capital Gains Tax Rate for Canadian Corporations
Corporate Tax, Professional Corporation, Tax Tips
Corporate Capital Gains Tax Rate for Canadian Corporations

New tax rules were implemented in 2019 by the Government of Canada regarding investment income …

Read More

How to File Taxes if Self-Employed in Ontario
Tax Tips
How to File Taxes if Self-Employed in Ontario

Self-Employed Taxes in Ontario Being self-employed as a sole-proprietor or part of a partnership would …

Read More

What is a TFSA (Tax-Free Savings Account)
News and Tax Updates, Tax Tips
What is a TFSA (Tax-Free Savings Account)

A Tax-Free Savings Account (“TFSA”) is an account used for the purposes of holding registered …

Read More

How to Prioritize Paying Off Medical School Loans
Personal Tax, Tax Tips
How to Prioritize Paying Off Medical School Loans

One of the questions I get a lot from my clients is when should I …

Read More

The 4 Most Common Tax Write Offs and Deductions for Small Business
Corporate Tax, Professional Corporation, Tax Tips
Most Common Tax Write Offs and Deductions for Small Business

As a business owner, you care about two things and two things only, that’s increasing …

Read More

Should You Lease or Buy a Car? How to Determine Which Approach Will Save You More in Taxes
Tax Tips
Should You Lease or Buy a Car? How to Determine Which Approach Will Save You More in Taxes

Should you lease or buy a car? Many people will justify purchasing a more expensive …

Read More

3 Largest Expenses for Doctors, Physicians, Surgeons
Tax Tips
The 3 Largest Expenses Doctors, Physicians and Surgeons Can Deduct from Their Tax Returns

Two of the most common mistakes I see many doctors make is either not deducting …

Read More

Ask SRJ: What are the Benefits of owning Life Insurance through a Medicine Professional Corporation vs Personally owning it?
Tax Tips
Ask SRJ: What are the Benefits of owning Life Insurance through a Medicine Professional Corporation vs Personally owning it?

It is credible to state that several physicians prefer to obtain life insurance through Medicine …

Read More

Ask SRJ: Do I Qualify for the GST/HST Housing Rebate?
Tax Tips
Ask SRJ: Do I Qualify for the GST/HST Housing Rebate?

It is credible to state that a large portion of Ontario-residents are unaware of the …

Read More

Ask SRJ: What is the Voluntary Disclosure Program and how can it help personal tax filings?
Tax Tips
Ask SRJ: What is the Voluntary Disclosure Program and how can it help personal tax filings?

This is the latest in our “Ask SRJ” series, where we answer questions to topics …

Read More

Quantifying Damages - Assessing Personal Income of Employed Individuals
News and Tax Updates, Tax Tips
Quantifying Damages – Assessing Personal Income of Employed Individuals

In assessing income for personal injury matters, it is typically more difficult to project the …

Read More