by Alex | Feb 21, 2023 | Personal tax tips, Tax tips
For many people, leaving Canada to work or live in another country does not mean tax obligation has ended with Canada. Here are some tax tips for you, who still own rental properties in Canada. Understand the tax implications of owning Canadian real estate:...
by Alex | Feb 3, 2023 | Personal tax tips
There’s no escaping it. These are challenging times for you in filing personal taxes, given the changes in tax as well as uncertainties in the market. Here is the summary of tax tips that put you in a comfort seat when filing your 2022 personal tax. (I mean 2022...
by admin | Jan 9, 2023 | Corporate tax tips, Personal tax tips
For 2023, other than the inflation, housing market and investment, here are some tax updates that you may be interested to know. For most of tax payers Basic personal amount: The amount of income that an individual can earn without paying any federal tax. The basic...
by Alex | Aug 18, 2020 | Corporate tax tips, Personal tax tips
Regularly working from home due to the COVID-19 pandemic has become a new norm. As a shareholder, you work extremely hard to ensure the business is on the right track. Also, you are one of the employees, who may incur employment expenses as well. So, what you need to...
by admin | Feb 4, 2020 | Personal tax tips, Tax tips
It’s time for the reminder for all individuals who are eligible for making RRSP contribution. For 2019 taxation year, the deadline is March 2,2020. Here are a few strategies that help you understand the benefit of RRSP contribution. Strategy #1: Please make RRSP...
by admin | May 8, 2019 | Personal tax tips, Tax tips
Reporting income generated from the rental property seems straight forward. If your rental expenses are more than your gross rental income, then you will have a rental loss. Simple! The beautiful thing is, if you incur the expenses to earn income, you can deduct your...
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