How to Maximize Tax Return 2022 in Canada
How to Maximize Tax Return 2022 in Canada With rising interest rates every Canadians are experiencing strains caused by the increased cost of living and inflation. Claiming tax deductions & credits can help offset the financial burden by putting extra money back in your pocket. In order to maximize your tax return, you need to calculate your
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Beware of scammers posing as CRA employees
Over the past few years, scam phone calls from individuals claiming to be from the Canada Revenue Agency (CRA) have increased. As we approach the time of year to file personal tax returns, these calls become more frequent as scammers seek to take advantage of the tax season. How to make sure the caller is
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What Financial Statements Does A Small Business Need in Canada?
What Financial Statements Does A Small Business Need in Canada? Financial statements are a key tool for running your business. A financial statement is a formal set of record of a company’s financial status at a specific point in time. These plans give a current landscape of your small business and forecast the future vision
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Still Working From Home? – Breaking Down The Implications Of Remote Work On Taxes
During global COVID-19 pandemic, employers have embraced an environment where employees work from home. With the opportunity to work from home, some Canadians are taking the opportunity to work from anywhere. For some that means working from the cottage or working from a foreign location. While this has been a great opportunity for employees and employers alike, there’s just one catch: understanding the impact of working remotely on taxes. In this article, we will explain where Canadian remote workers pay taxes and the unique tax implications of working remotely.
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How Do Capital Gains Work In Canada?
Selling your high-performing stocks or your investment property can reap significant profits, and those moments are worth celebrating. But while you’re enjoying the spoils of your investments, keep in mind that you’ll eventually have to pay tax on them. In Canada, most gains on capital assets are taxed.
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