What is Ontario’s Non-Resident Speculation Tax Rebate and How to Receive It If you’re in the process of researching information before buying property, you may have heard the phrase Non-Resident Speculation Tax (NRST) stated on websites or documents. For most towns in Ontario, NRST is inapplicable, however, if you live or plan to live near/ in the Golden Horseshoe area,

Recently people are receiving reports from investment brokerage. Some people might have losses of stock investment. They must ask is it necessary to file personal tax in time? Can this loss report to be used to lower taxes and how does that work? The loss on stocks investment is a kind of capital loss. Capital losses may be used to

Transfers between RRSPs You can transfer cash and investments between your RRSP accounts. Tax will not be withheld if the transfer is made directly by the financial institution. but you may be charged transfer fees. Amounts you transfer directly to your RRSP do not affect your RRSP deduction limit. You can’t transfer money from your RRSP to the RRSP of

For most Canadians, the deadline to file their 2019 income tax return is at midnight April 30. The Canada Revenue Agency wants everyone’s return by then, but it’s the people that owe them money that they’re really concerned about (not the people, but the money). The CRA has the power of the law behind it to get what it is

For the 2018 tax season, the government has made many important adjustments to the welfare and tax offsetting options and has also made a series of improvements in the tax and other related processes. This article will help you reviewing the new changes you must know about tax filing going forward. Tax Credits Changes for 2018 Canada caregiver credit amount

There is a provision in the Canadian tax code that treats death as Deemed Dispositions upon Death. This means that after a person dies, the assets under his name need to be liquidated, and the value-added portion needs to be declared and appropriate taxes paid accordingly. Although Canada has no inheritance tax, a large amount of Capital Gain is likely

2017 RRSP Guide Between January and end of February, many tax payers wonder whether they should invest in their RRSPs or not. Knowing what is the right amount you are eligible to contribute and how much would be useful to lower your taxes for the previous year are the valid questions. Those who aren’t aware of this option often get

(A guide especially useful for International Students) Canada has been a popular higher education destination for many international students, be it for its high-quality education or the number of programs that benefit students during and after the graduation. Often times, students don’t file their tax return for several years, if at all. We often see students only once they graduate

Tax season is approaching and tax slips for 2017 will begin to roll in. With tax laws changing as quickly as your professional and personal circumstances, it’s easy to make mistakes that can end up costing you more in the end. As you start to collect your tax slips and prepare to file your return, note the tax law changes