Part 1: How to Prepare Business Taxes for Self-Employed Individuals

Français Find out how to complete form T2125, the Statement of Business Activities Part 1 in 6 easy steps. This is meant for self-employed individuals who would like to complete their tax return independently on specific sections, including home-office expenses, vehicle expenses, and Capital Cost Allowance.

How to Prepare a Rental Form

Français Find out how you can prepare a Statement of Real Estate Rental Form T776 as part of your personal tax filing. This is meant for investors that own rental properties in Canada and would like to file their tax returns independently.

How to Prepare a T4 Slip

Français What is a T4 slip? A T4 slip reports salary and wages paid by a Canadian corporation to its employees.  In order to prepare a T4 slip, you must follow these 12 easy steps below.

How to Prepare a T5 Slip

Français A T5 slip reports dividends paid by a Canadian corporation to its shareholder(s). In order to prepare a T5 slip, you must follow these 8 easy steps below.

U.S. Tax I.D. Numbers for Canadians

Français Are you curious about applying for an Individual Taxpayer Identification Number? Keep reading to find out what an ITIN (Individual Taxpayer Identification Number) is and how you can apply for one. Please note, this number is not a replacement for the Social Security Number (SSN).

5 Best Business Tax Tips for the Year End

Take advantage of these 5 tax tips before the end of the year and save taxes for your business.

Buy vs. Lease

Should you lease your next automobile or finance it? Find out with this calculator!  

Equipment Buy vs. Lease (Canadian)

Should you lease your next equipment or finance it? Find out with this calculator!

RRSP Loan Calculator

An RRSP loan can be an excellent way to jump start your retirement savings.

Tax Free Savings Account Comparison

This calculator is designed to help compare a Tax Free Savings Account (TFSA)…

Taxable vs. Tax Advantaged Investments

This calculator is designed to help compare a normal taxable investment, …

Tax Tips for Canadians Working Abroad

If you are a Canadian who is working either permanently or temporarily abroad, there are many tax implications that you need to be aware of.  Tax implications are important things to consider for Canadian citizens who are working outside of Canada.

Charitable Donation Tax Credit

Are you looking to make a charitable donation? Well this tax tip might be just for you!

Non-Resident Taxation on RRSP and RIF Withdrawals

Today’s blog will focus on non-resident taxation on RRSP and RIF withdrawals, and the ways that these taxes can be reduced.

What Do You Know About Canadian Tax Shelters?

What do you know about tax shelters in Canada? It may be associated with tax evasion, illegal schemes, or other bad practices – however, not all tax shelters are bad news! Learn more through this week’s Tax Tip Weekly!

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