Alternative Minimum Tax (AMT)
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 …
Toronto’s Vacant Home Tax
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 …
Canada Removes 5% Apartment Building Consumption Tax
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 …
Canada Tech Tax 2024
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 …
Digital Services Tax Canada
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 …
CPA Quebec and CPA Ontario Leave the CPA Canada Organization
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 …
Understanding the Proposed New Mandatory Disclosure Rules
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 …
Day Trading in a TFSA: Still Under the Tax-Free Shield?
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 …
Canada Workers Benefit
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 …
Understanding the Tax-Free First Home Savings Account
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 …
New Anti-Flipping Rules for Residential Real Estate
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 …
Canada Dental Benefit: Who Qualifies and How to Apply
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 Should You Apply for Your Pension in Canada?
Canada Pension Plan payments are not automatic, meaning you need to apply to enjoy monthly payments, but when should you apply? Properly timing the application …
Salary vs Dividend: Maximizing Tax Savings
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 …
Buying vs Leasing A Vehicle For A Business In Canada
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 …
How to Avoid TFSA Overcontributions
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 …
Benefits of Hiring a Tax Accountant
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 …
Why Should You Hire a Professional for Your Tax Return?
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, …
How to Pay Your Taxes in Canada
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 …
What are the Benefits of RRSP?
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 …
5 Tips for Reducing Your Tax Bill
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 …
How To Track Your Expenses For Self-Employment
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 …
How Do You Pay Back COVID-19 Benefit Payments?
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 …
How to Inform CRA of An Address Change
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 …
Taxes for Remote Workers In Canada
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 19 and Personal Taxes in Canada
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 …
Tax Requirements for Digital Marketers in Canada
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 …