If you and your significant other have shared a home address for 12 months or have a child together, then you should prepare and file your taxes together.
taxes
How to File Previous Years’ Tax Returns in Canada
We all know how crucial yet exhausting it is to file taxes each year on time. No one wants to do it!
Keeping Your Side Hustle on the Right Side of the Taxman
A side business like renting out a room or home through Airbnb or driving for a ride-hailing service like Uber can bring in some much needed extra income. However when tax season comes around it is essential to report this additional income.
10 Expenses You Can Claim Medical Tax Credit for in Canada
Many medical services, therapies and devices can qualify for the medical tax credit and are permitted medical expenses under the Canada Revenue Agency. Here are ten that could surprise you.
How To Prepare For An Internal Audit
When an outsider reviews your documented processes, the procedure can highlight failure points or weaknesses that you may have to consider.
Montreal Is the New Housing Hotspot for Chinese Buyers
According to various reports online, Montreal is the new housing hotspot for Chinese buyers as Toronto and Vancouver levies foreign buyer tax.
The Condo Flipping Tax: How the CRA Cracks down on Condo Flippers
Condo flipping tax and how the CRA cracks down on Condo flippers. The profits a taxpayer makes from flipping real estate are generally considered to be fully taxable as business income. The principal residence exemption does not apply to property flipping.
Tips for the 2019 Tax Season
Canada 2019 Tax Season – Everything You Should Know. It’s the time of the year again when taxes are the most important thing on everyone’s mind. There are new rules this year that could impact people who attend post-secondary institutions, are entrepreneurs or use service animals.
The New TFSA Limit of $6000 Could Help You Save More
The Tax-Free Savings Account (TFSA) is an account that does not apply taxes on any contributions, interest earned, dividends, or capital gains, and can be withdrawn tax free. This savings account is available to individuals aged 18 and older in Canada and can be used for any purpose.
New CPP: What it Means for Average Canadian Workers
The new hike in the Canada Pension Plan means that they will collect more money to provide support later in retirement. This was adopted after the federal government and most of the provinces hashed out an enhancement plan.