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How to Avoid Double Taxation Between the U.S. and Canada
Imagine working hard all year, only to find out that both the Canada Revenue Agency (CRA) and the Internal Revenue Service (IRS) want a full slice of your income. Suddenly, a $100,000 salary could look more like $40,000 after both countries take their cut.
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Taxes for Athletes in Canada
Have you ever wondered just how much your favourite athlete pays in taxes? There is a common misconception that most professional athletes are overpaid millionaires, but that is not necessarily the case. Yes, there are super stars in the sports world that make prolific earnings but it essentially comes down to the sport they play, … Continue reading Taxes for Athletes in Canada
Loading...Non-resident taxation on RRSP and RIF withdrawals outlined.
Today’s blog will focus on non-resident taxation on RRSP and RIF withdrawals, and the ways that these taxes can be reduced.
(No Ratings Yet)Loading...Claiming Basement Renovation Costs
Are you planning on renovating your basement for rental purposes? If so, then start your drills and put on your hard hat because this week’s tax tip is all about claiming basement renovation costs!
(No Ratings Yet)Loading...Are Website Costs Tax Deductible?
E commerce has taken the business world by storm. It is evident that creating a website is an ingredient to building a successful business. Learn how building your small business website can reduce your taxes.
(No Ratings Yet)Loading...Are Meal Allowances Tax Deductible On Business Travels
Are you an employer who is wondering if meal allowances are tax-deductible? Better yet, are you an employee who is required to travel for work? Is your meal allowance tax-free? Learn the benefits and regulations towards food and meal taxes while traveling. Take a bite out of this week’s Tax Tip.
(No Ratings Yet)Loading...Property management tips for non-resident owners
Our homes are our biggest investments – their ongoing protection and maintenance are crucial for long-term value. what happens if you’ve relocated unexpectedly? or if you own an investment property from afar? who will take care of the property in your absence? In these instances, it’s important to secure a property management team capable of … Continue reading Property management tips for non-resident owners
Loading...Understanding Canadian tax shelters and their benefits.
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!
(No Ratings Yet)Loading...5 Tax Scams Small Business Owners Should Know
Every small business owner should beware of the tax frauds that are preying on their business. Tax scams are the demise of many small businesses and can lead to criminal investigations on tax evasion, identity theft, and much more. Find out the 5 tax scams that every small business owner should know.
(No Ratings Yet)Loading...2015 Canadian Federal Budget – Tax Cuts and Reliefs
Tabled on the 21st of April, the 2015 Canadian Federal Budget while premised on fiscal austerity, looks to expand on existing benefits and tax reliefs for individuals, families, seniors and small business owners. Let’s take a look at how this impacts the varying demographic groups and what this may potentially mean for you.
Loading...Are UN Employees Tax Exempt?
If you are a Canadian working for the United Nations, you may generally be exempt from taxation on any income earned from the UN. Depending on if you are a resident or non-resident of Canada, your tax filing obligations may differ. Want to learn more on UN employee tax exemption? Then this article is for … Continue reading Are UN Employees Tax Exempt?
(No Ratings Yet)Loading...Free Online Tax Assessment
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