Tax
August 29, 2024
Understanding T3, T4, T4A, T5 Tax Slips and Their Use in IT Filing
The Canadian income tax system works on self-assessment. The Canadian Revenue Agency (CRA) requires taxpayers to report their world income from all sources and…
May 21, 2024
Understanding the Changes in Capital Gains Rules and Its Impact on Your Tax Bill
The 2024 Federal Budget created a stir among taxpayers, both individuals and the business community. While the details of the legislation have yet to be…
April 4, 2024
These 2024 Tax Changes Could Impact Your Budget and Tax Planning
It is time to file the 2023 tax before the April 30, 2024, deadline. During this time, we often realize how planning for taxes in…
March 21, 2024
The Tax Difference Between an Employee and a Self-Employed
Starting your journey as an earning member of society with your first job or gig can be exciting. Or moving from a corporate 9-5 job…
January 26, 2024
Consulting 101: Are Tax Consultants Different from Accountants?
Many small business owners often mistake accountants for tax consultants as the former file their tax returns. But there is more to taxes than just…
December 15, 2023
Situations Where a Tax Expert Can Save The Day
Be it business, personal assets, income, or inheritance, tax is a part and parcel of every transaction. While you must pay tax on most transactions,…
August 18, 2023
Understanding Tax Obligations for Self-Employed Individuals in Canada
Be your own boss. Work from anywhere in the world. Flexible work in your own time. Get paid to do what you love. Whatever your…
July 7, 2023
Entrepreneurs: The Tax Implication of Giving Gifts to Clients and Employees
You give gifts for many reasons, sometimes as a token of appreciation, sometimes to celebrate holidays and birthdays, and sometimes to say thank you. In…
June 9, 2023
Tax Tips for New Entrepreneurs
Whether you’re working on a new business full-time, starting a new side hustle or business, or navigating the world of freelancing, making sure you are…
April 14, 2023
Scenarios Where First Home Savings Account (FHSA) Withdrawals and Contributions are Taxable?
After a decade of rising property prices, Canada’s housing market has reached a point where buying a home has become unaffordable. To help Canadians buy…