Canada Child Benefit Reviews
May 5, 2020Canada Child Benefit Reviews The CRA frequently reviews claims for the Canada Child Benefit (CCB), a monthly cash payment program for parents of minors. The value of this benefit is
The “183-Day Rule” in Canadian Tax Residency
April 16, 2020The “183-Day Rule” in Canadian Tax Residency We often assist people in determining their tax residency under Canadian law. One question that often comes up is whether they have spent
2020 Tax Essentials Reference Guide
April 16, 2020Your 2020 Tax Essentials Reference Guide We’re four months into 2020 and our clients want to know about updated rates for a host of tax-related items and numbers, including RRSP
Marginal Tax Rates for Every Province in Canada
April 13, 2020Marginal Tax Rates for Every Province in Canada As of January 15, 2020, the new budget proposals have released new marginal tax rates for each province in Canada. The marginal
A Case Study on Reducing Your Tax Liability by Claiming Deductions and Credits
April 13, 2020A Case Study on Reducing Your Tax Liability by Claiming Deductions and Credits What is the difference between a tax deduction and tax credit? While both result in paying less
The Most Commonly Used Tax Deductions and Credits to Reduce Your Tax Liability
April 13, 2020The Most Commonly Used Tax Deductions and Credits to Reduce Your Tax Liability There are a variety of tax deductions and credits that are available to Canadian taxpayers to reduce
Tax Planning with the TFSA
January 12, 2020Tax Planning with the TFSA In this part 3 of our TFSA series, we will look at legitimate tax planning strategies that allow you to make the most of your
TFSA Part 2: CRA’s Anti Avoidance Rules for Preventing Unfair and Aggressive Use of a TFSA
January 12, 2020CRA’s Anti Avoidance Rules for Preventing Unfair and Aggressive Use of a TFSA In TFSA part 1, we looked at penalties for making over-contributions beyond the allowable yearly limit to
TFSA Part 1: Tax Penalties on Over-Contributions and Contributions While a Non-Resident of Canada
January 12, 2020When do you have to pay tax on your TFSA account? The Tax-Free Savings Account (TFSA), which began in 2009, is a way for individuals who are 18 and older and
11 Ways to Maximize Your Tax Deductions in 2020
December 9, 201911 Ways to Maximize Your Tax Deductions in 2020 Here are some quick and easy ways to maximize your tax deductions in 2020 before the year runs out. We’ve updated
