Did you sell your house in 2016 or later? File a tax return and claim the principal residence tax exemption for the capital gains.
February brings many questions with tax season approaching fast. One of the most common topics being automobile deductions. Read more
Capital Gains Exemption Deduction Read more
2018 is almost upon us as the year draws to a close. It’s time, once again, to take advantage of the many personal and business RRSP and tax-planning opportunities that are still available. Read more
In a recent Technical Interpretation, CRA noted that an employer-provided per diem meal allowance will not be taxable where the following conditions are met: Read more
Tax Credits for Students: How College Students in Canada Can Save
Common Deductions and Tax Credits for Students
The most common tax credits for students, or deductions, are moving expenses and child care expenses.
Have you ever wondered how your personal assets would be affected should the CRA send you an advisory or audit for collections? Here are eleven tips that will help safeguard small business owner’s personal asset’s from CRA collections.
Every business owner should be concerned about creditor proofing his assets. Consider these suggestions:
The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It ensures a measure of protection to a contributor and their family caused by the loss of income due to retirement, disability and death. Read more
When deciding as to whether a salary should be paid to a family member, or more specifically to one’s spouse, numerous questions arise. Read more