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We attempt to assist our readers by simplifying some of the complex income tax issues in Canada. Occasionally, we answer the general tax questions as well that can help a broader readership of our blog section.
INSIGHTS
Information Returns by Employers in Canada
Information Returns for Employers If you are an employer in Canada, you may have the requirement to file different information returns at the end of year. Missing filing of information returns can cost businesses dearly.
Personal Taxes Canada EFILE Service Unavailability from CRA
Electronic filing for T1 – Individual Income Tax return Canada will be unavailable on below dates as per the Canada Revenue Agency: January 17, 2020 11:00PM to February 24, 2020 08:30 AM During this period,
7 Easy Ways Your Business Can Go Green!
The looming threat of climate change has started a movement of going green. Many businesses are adopting environment-friendly ways to save cost, avail tax credits, and help save the planet. Today, we are going to
Canada Tax Changes – Effective January 01, 2020
In Canada, there are a number of income tax changes taking effect from January 01, 2020. You should stay informed of these tax changes to better plan your personal taxes and business taxes in Canada.
Difference between tax preparer and tax adviser (tax adviser, tax expert or tax consultant)
When it comes to your personal taxes (or corporate taxes) in Canada, it is very important that you get to the right tax professional! Read: Should you do your taxes yourself or hire a professional
Should you do your taxes yourself or hire a professional tax help in Canada
Spring is near but the tax season is already there! You don’t want to waste away such a beautiful time of the year stressing over your taxes, right? Why not start preparing for it already?
TAX QUESTIONS
Taxation of RSUs after moving from Canada
Question: I moved from the U.S. to Canada in April of 2024 after I got my Canadian PR approved. I have RSUs that were granted while I was in the
Short Term Rentals in Canada
Tax Question Asked by: Andrea J. Marie I have a condo that I use as an AirBNB in Toronto. I am recently told that I cannot claim any tax deductions
Bare Trust Reporting in Canada
Question asked by Sumit Khanna My son owns a house where he lives. He was having a hard time getting a mortgage. I decided to be on the title of
Late filing Penalties for form 5471
Tax Question asked by Aiman Doe (Name changed at their request) I am an American living in Canada since 2011. I own a Canadian Corporation since 2012. I have never
Tax Treaty Benefits for Non-U.S. members of LLC
Question: Can a U.S. LLC claim exemption from Canadian corporate income tax under article VII of treaty if it has non-us members?