Tax Blog

What Is the Best Time to File Taxes in Canada Tax season – that stressful time of year that rolls around with surprising speed. You …

Are Legal Fees Tax Deductible In Canada Legal fees can feel like the final kick when you’re already down. But what if those hefty bills …

What Is Ontario Staycation Tax Credit Imagine unlocking a financial perk that turns your local travels into a treasure hunt, where every staycation is more …

Can a Bookkeeper Do Tax Returns? Navigating Tax Season Tax season: a time that can send shivers down the spine of even the most organized …

Can You Claim Training Courses on Tax in Canada Ever wondered if those training courses you’ve been eyeing could actually give back more than just …

Is Critical Illness Insurance Tax Deductible in Canada Facing the unexpected can often leave us feeling like we’re walking a tightrope without a safety net. …

What Is Line 73 on Canadian Tax Return? A Must-Know for Smarter Filing Diving into your Canadian tax return can feel like navigating a maze …

What is Probate Tax in Canada? Simplifying the Complex for Beneficiaries Diving into the world of probate tax in Canada can feel like navigating a …

Is Public Transit Tax Deductible in Canada? Let’s Find Out Ever wondered if swiping your transit card could save you money at tax time? In …

Tax Relief in Tough Times: Are Funeral Expenses Tax Deductible in Canada? Navigating the financial aftermath of a loved one’s passing can be overwhelming, especially …

How to Save Tax in Canada – Insider Strategies Unveiled Ever wondered if you’re leaving money on the table come tax time? You’re not alone. …

Are you a high-income earner in Canada? If so, are you required to make second CPP contributions? The Government of Canada recognizes that saving for …

A recent survey found that retirement and affording the day-to-day expenses of having a family are the top two financial concerns of working Canadians. Can …

Have you heard about recent AMT changes? Starting in 2024, more Canadians will be subject to AMT, making now the right time to re-evaluate your …

Do you have a vacant apartment or home? Whether you are out of the country traveling for work or have a second home that isn’t …

Affordable housing has been at the forefront of concern for Canadian officials since the pandemic, with housing prices up 12% in 2023 alone. Couple a …

Despite mounting opposition, Canada still plans on imposing a new digital services tax beginning in 2024. In this article, we’ll cover the basics of the …

The digital economy is here to stay, with Canada taking a proactive approach to the taxation of digital service businesses. The proposed Digital Services Act …

Are you aware of the recent relationship split between CPA Canada and Ontario and Quebec? On Tuesday, June 20th, the Quebec and Ontario provincial bodies …

There has been talk about new Mandatory Disclosure Rules since the budget meeting in 2021; however, 2023 might finally be the year these rules go …

Are you getting into the day trading realm? Day trading has become a popular side hustle for many Canadians, with the average yearly earnings ranking …

Do you make under $33,000 per year? If so, you may be entitled to claim the Canada Workers Benefit tax credit. This refundable credit was …

Whether you are fresh out of college looking for a place to live or growing your family, you’ve probably noticed that it’s much more difficult …

The Government of Canada is tightening the rules surrounding the real estate market. New regulations, like a ban on foreign buyers and an additional vacant …

Do you have children that visit the dentist? Did you know that the Government of Canada now offers tax-free payments to help cover dental costs …

When it comes time to take money out of your business, what’s the most beneficial way? Some business owners choose to set up a set …

Placing a Business Car in Service: Buy or Lease? Placing a car in service in your business provides more than just transportation to and from …

Saving for retirement is no easy task, especially with the uncertainty surrounding financial markets and employment. This is why it’s no surprise that over 15 …

Are you constantly stressed during tax time? How about struggling to meet tax deadlines and unsure if you are filing correct returns? If so, you …

The Government of Canada released recent statistics that show nearly 28,100,000 returns were filed from February to June of 2022. Out of all these returns, …

Filing your individual tax return by April 30 each year is only half the battle for many Canadians with figuring out how to pay any …

According to recent statistics, 40% of Canadians have uncertainty surrounding their retirement with another 14% expecting to never retire. Do you fall into one of …

Tax season is upon us, and once again it’s time to drag out those boxes of expense records you’ve been saving all year. Having a …

One of the most important things for any small business is to be organized and in control. The first step to doing this is to …

COVID 19 continues to impact the world, changing the way people run their lives and disrupting the flow of business. As a result, people are …

It is common to change addresses, especially if you transfer from one city to another. If you don’t notify Canada Revenue Agency (CRA) about the …

There has been an increase in the number of remote workers in Canada, which has led to new rules for the employers whose employees work …

COVID has impacted world economies, and the Canada recovery benefit (CERB) is among the governmental initiatives designed to shield citizens from the financial impact of …

Startups and businesses in their early stages usually have a difficult time complying with taxes. A lack of familiarity with the regulations and rules meant …