Tax Court Confirms CRA’s Policy on Employees’ Employees A recent Tax Court of Canada decision confirms a longstanding CRA policy—that employees can only claim expenses for an assistant or substitute
Planning to Change Canadian Residency Status? Before you move, know your tax obligations If you are planning to leave Canada, either temporarily or permanently, there are certain things you should
New CRA Tax Rules for Stock Options Reduce Taxable Benefit Effective 2020 The June 2019 budget rolled out new tax laws, which will become effective in January 2020. Tightening the
Employment Expense Disputes With The CRA The Rule As a general rule, employees cannot generally claim expenses against income from their jobs under Canadian tax law. In contrast to businesses,
Ontario Tax Deductions & Credits: What Is The Difference? While both deductions and tax credits reduce the overall amount of tax you will be pay, they have different application. Tax
What Is My After-Tax Income? As a taxpayer in Canada, it is important to understand what your after-tax income is in order to effectively budget. Although there are income tax
Marginal Tax Rates: How to Calculate Ontario Income Tax Most people trying to calculate their tax obligation make the mistake of applying a flat tax rate. In Canada, we are
Ontario Tax Calculator: The 2020 Income Tax Guide A comprehensive guide to calculating Income Tax in Ontario: Looking for an Ontario Tax Calculator to to make sense of your income
Do I Have to Pay Tax on the Sale of My Home? Are You Required Pay Tax On The Sale Of Your Home? Paragraph 40(2)(b) of the Income Tax Act provides that
How To Claim Charitable Donations When Filing a Tax Return Everything you need to know about how to claim charitable donations when filing a tax return! Everyone is always asking
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