It’s almost the end of the year now, CRA is also preparing for the 2022 tax year by sending out reminders. You might have recently received a letter from CRA regarding ...
Having filed their personal income tax returns, many people believe that the tax season for 2021 has drawn to a close. Well, that is if you do not run a business. ...
  What tax rules apply when disposing of a capital property? To answer the question, we should first address what is considered a capital property as per the CRA. In Canada, ...
  Many Canadians expect their tax refund deposit directly to their bank account within a month after they file their tax returns. However, this doesn’t mean that CRA is held accountable ...
While Canada welcomes tens of thousands international students whose tuition fees contribute to the national revenues, each year, many Canadians students opt for studying abroad. If you are among the Canadian ...
Financial gains and taxes run in tandem, and capital gains make no exception. It is axiomatic to Canadians that 50% of the total capital gains will be added to your personal ...
If you are over a certain age and have income over a threshold, you may qualify for claiming the Age Amount. While it cannot amount to any refund, it is a ...
  Are you a news junkie? Do you gorge yourself on digital media? Do you, like me, subscribe to the New York Times not so much for “the biscuit” as for ...
Since the beginning of the pandemic, the federal government of Canada has rolled out a string of emergency benefits, aiming to buffer some financial impacts on Canadians who have taken the ...
If you are a Canadian resident – in general, anyone who has significant social bonds with Canada, or has resided in Canada for more than 183 days in the last tax ...