Cryptocurrency Tax

Cryptocurrency Tax

Cryptocurrency Taxation Cryptocurrency is a type of alternative currency, such as Bitcoin, but it is not considered money or currency (“legal tender”). It is a digital asset that works as a medium of exchange for goods and services between the parties who agree to use...
2022 Automobile Deduction Limits

2022 Automobile Deduction Limits

2022 Automobile Deduction Limits and Expense Benefit Rates The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes has increased from $30 000 to $34 000 (plus applicable federal and provincial sales taxes) for non-zero-emission...
Loans to your Adult Children

Loans to your Adult Children

Loaning Money to Your Adult Children You may lend money to your child to help with the purchase of a major personal item. A common example is a loan to help with the purchase of a child’s first home. Generally, this doesn’t create tax problems if they are made for...
CRA Scams Popular at Tax Time

CRA Scams Popular at Tax Time

CRA Scams to Watch Out For It is the time of year for CRA Scams to be commonplace. With scammers are getting crafty including faking Canadian phone numbers and emails, it is up to you to be warry and ask questions. If you are not expecting a call from the Canadian...
Small Business Bookkeeping Tips

Small Business Bookkeeping Tips

5 important Small Business Bookkeeping Tips Unless you are a fan of numbers, you may need some Small Business Bookkeeping Tips to help you stay ahead of things for your business. By creating some good habits, you stay organized and can track your cash flow with ease....