Comparing Investment Plan Alternatives – What are they and how can they work for you?
This week’s blog is about the different types of investment accounts an individual can open up in Canada. Since we are right around the first 60 day mark, which means the last chance to contribute to RRSPs for the 2018 taxation year, I figured it’s a great time to explain ...
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Tax and other benefits for people with children
Last week we discussed what employment expenses are, and who can deduct these types of expenses. If you missed that blog, you can find that blog right here. Today I will be blogging about a subject that is very important to ...
Which employment expenses do I qualify for?
Hi everyone Hope you enjoyed my two recent articles linked to Non-Residents. These articles can be found with the rest of the real estate blogs I have written in the past, here. Today I turn my attention back to the residents ...
I am a Non-Resident and I am selling my Rental Property in Canada
Last week we looked at how a non-resident individual who owns property in Canada would report rental income. With this week’s topic, we’ll look at what non-residents who want to sell their property would need to do in terms of reporting this property. ...
I am a Non-Resident and I own a Rental Property in Canada
It’s been a while since I’ve been able to write a blog. Personal life has taken a big chunk of my time, after getting married and with the birth of our son it’s been a challenge to find the time. ...
Scientific Research and Experimental Development
Does your company invest in Scientific Research and Experimentation? The governments of Canada and Ontario offer Scientific Research & Experimental Development tax credits and refunds, applied to developmental costs relating to new or improved products or processes. The calculation of these ...
First Time Home Buyer Credits
Are you a first time home buyer? There are a couple of tax credits you could make use of. First, it’s important to establish the CRA definition of a first time home buyer since it’s not as intuitive as some would ...
Tuition, Education, and Textbook Amounts
Are you attending or have you attended a post-secondary education inside or outside of Canada? Tuition, education and textbooks are a source of valuable credits for individuals who are attending university and/or college. Typically, individuals pursuing post secondary studies don’t earn ...
Eligible Dependant Credit
Do you live with an individual that you support? If so you may be able to claim the eligible dependant credit. One common instance involves parents who live with, and are being supported by their children. If the parent is earning ...
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