Effective January 01, 2022, there is a new ‘Underused Housing Tax’ (UHT) imposed on specific taxpayers, known as “affected owners”. UHT is a tax levied on properties that are deemed to be underutilized or not
Question: I Am An IT Professional. I Just Received An Offer From My Employer. My Employer Wants Me To Incorporate And They Have Agreed To Offer A Better Hourly Rate. I Am Confused Should I Set Up A Corporation Or Become An Employee?
Question: My mother passed away in India last month. I am receiving my share of the family house. The home is located in India. I am a resident of Canada. Do I need to pay taxes in Canada when this property is transferred to me?
Canada is going the extra mile to support the Ukrainians affected by the Russian Invasion. With every passing day number of applications for temporary residence is growing. Many of the Ukrainians are already in Canada
A lot of taxpayers emigrate from Canada every year, some to the south of the border and others beyond. In Canada, generally, the owners of the residential property are exempt from the taxes on capital
T1134 has changed for the tax years starting Jan 1, 2021 with additional reporting and disclosure requirements.
Tax filing is sometimes, if not always, a fairly complicated process! For the majority of taxpayers, it is so easy to make mistakes and overlook possible credits and deductions. It simply cannot be taken for
2021 – Individual Income Taxes – Checklist Electronic filing for Individual Income Tax Returns (T1) for the 2021 tax year is open now. We have compiled a checklist for the individual taxpayers for a quick
Business or Professional Income on T1 If you have a business income or professional income, please provide the below information. Please note this is applicable to any unincorporated form of business, also known to some
Individual income tax rates 2021 and 2022 for Ontario and Alberta in Canada/
