Tag: Personal tax

Steps to Take After a CRA Notice of Assessment

Receiving a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA) can be unsettling, but it’s important not to panic and to take the right steps to rectify the situation. In this blog, we’ll go over the steps to take if the CRA has indicated a discrepancy between your return and their assessment. What … Continue reading Steps to Take After a CRA Notice of Assessment

Personal Tax Tips from an Oakville Accountants

Are you looking for ways to save taxes in Canada? As providers of services regarding income tax preparation Oakville, we are aware of many ways in which one can save taxes in Canada.

Common pitfalls in personal tax filing to avoid.

With the upcoming personal tax filing season just around the corner, it is essential that you avoid these five pitfalls while doing your personal taxes.

Principal residence exemption and property flipping.

In today’s video, I will explain how you can take advantage of the principal residence exemption when you sell your property and the new anti-flipping rule recently introduced by the CRA. Principal Residence Exemption Explained An individual does not have to pay capital gains tax on the sale of a principal residence, because of the … Continue reading Principal residence exemption and property flipping.

How is Crypto Taxed in Canada?

In today’s video, I will help you understand how Crypto-assets, like Bitcoin, are taxed in Canada.

Strategies to save Canadian tax as a new immigrant discussed

It’s that time of year again for filing your Canadian Personal Tax Return. As you know, the due date for filing your 2014 tax return is April 30, 2015.

Applying for the Canada Emergency Response Benefit.

This video is about the Canada Emergency Response Benefit. I hope that you and your family are safe

Foreign Tax Credits for Canadians

This webinar will provide you with an insight into what you need to know about foreign tax credits for Canadians.

Moving back to Canada: Tips for a smooth move for Canadian Expatriates

Author: Paul Kurucz Returning to Canada after you have lived in the U.S. or further abroad can be both exciting…and overwhelming. Exciting because Canada is a great place to live, work, and retire in, and overwhelming, too, because the move itself, with all the steps needing to be taken, can feel like a mountain to climb. … Continue reading Moving back to Canada: Tips for a smooth move for Canadian Expatriates

5 Tips on How to Save Income Tax in Canada

Are you a Canadian looking for strategic ways to save money on your income tax? Keep reading to find out five effective tips that you should be utilizing right now. Maximize RRSPs Make a contribution each year to your RRSP (Registered Retirement Savings Plan) to the maximum amount allowed (i.e. RRSP limit) for the year.  … Continue reading 5 Tips on How to Save Income Tax in Canada

Taxation of Stock Options for Employees in Canada Watch Video

Did you receive stock options from your Canadian employer?

Taxation of stock options for Canadian employees clarified.

Français Did you receive stock options from your Canadian employer? If yes, then it’s highly recommended that you go over the points in this article. In this article, I explain how the “Taxation of Stock Options for Employees in Canada” directly affects you.

Important changes for income tax filing starting 2016.

TAXATION Be aware of the changes that affect your 2016 income tax filing and beyond. As you gather your 2016 tax data together for your CPA, take a few moments to read about the following changes and assess the impact they may have on you and your family’s filing for 2016 and after. Principal Residence … Continue reading Important changes for income tax filing starting 2016.

A Lesson in Record Keeping

TAXATION The Income Tax Act requires you to keep all documents supporting your business activity; in an audit, the CRA will demand them. Keep Everything According to the Income Tax Act, taxpayers must keep “records and books of account … together with every account and voucher necessary to verify the information contained therein” for a … Continue reading A Lesson in Record Keeping

Finalizing Your 2013 Income Taxes

TAXATION Keep complete records and make use of all your eligible deductions. Yes, it’s time to start thinking about income taxes again. The Holidays are over and the credit card statements are starting to come in so you’re probably thinking about money anyway. But instead of thinking just about paying off your credit cards, it … Continue reading Finalizing Your 2013 Income Taxes

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