by admin | Oct 30, 2024 | Personal tax tips, Tax tips
In Canada, the tax rules for claiming childcare expenses deduction are as follows: Eligibility: You or another person may claim childcare expenses if the child is under 16 years old, or 18 years old if they have a physical or mental impairment. The expenses must be...
by admin | Oct 28, 2024 | Personal tax tips
Canada’s 2024 tax landscape introduces several updates affecting both individuals and businesses. Here are some key changes: Personal Income Tax Brackets and Basic Personal Amount: Federal tax brackets have been adjusted to account for inflation, allowing a modest...
by admin | Oct 27, 2024 | Personal tax tips, Tax tips
When a Canadian resident departs from Canada with the intent to live abroad, they may face specific tax implications, especially if they intend to sever their Canadian residency for tax purposes. Here’s a breakdown of the primary tax considerations: 1. Residency...
by admin | Sep 25, 2023 | Corporate tax tips, Personal tax tips, Tax tips
Staying informed about tax updates is crucial for individuals and businesses to effectively manage their finances and comply with tax laws. Tax updates can encompass various changes, such as alterations to tax rates, adminstration procedures as well as reporting...
by admin | Jun 21, 2023 | Personal tax tips, Tax tips
这件税务案件才刚刚五月份完结，最近就在各大传媒广泛传播。 案件是这样的，一位李姓先生受雇于一家安大略数字公司。该公司在多伦多拥有并经营一家汽车经销商。李生同时在该车行担任两个高级职位–销售总经理和财务服务经理。在2015 和2016 这两年中，他每年的就业收入在110,000加元左右，其中包括每年75,000加元的佣金收入。联邦税务局在抽查个人税务时，拒绝了李生2015年和2016年纳税年度的55,945元和50,793元的有关就业支出。于是，李生提出了上诉。 这有关的就业支出主要包括助理工资，汽车费用和办公用品：...
by Alex | Jun 15, 2023 | Personal tax tips
Are you one of those people, who always ask ” can we pay less taxes this year” while reviewing their tax returns at the beginning of the year but after that, many of them put this question aside and forget about it. Reducing personal tax in Canada is a...
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