December 21, 2021
Tax Changes 2021
Stay updated on key tax changes for 2021, including COVID-19 benefit reporting, new tax credits, and regional changes. Learn about the Canada Workers Benefit, zero-emission vehicle rules, and more.
Articles from 2021, page 1 of 2
December 9, 2021
Disability Tax Credit guide
Learn how to qualify for the Disability Tax Credit (DTC) in Canada, including conditions that qualify, application process, and refund methods. Find out how to apply for yourself or your dependent.
December 8, 2021
What are Support Payments?
Understand support payments in Canada, including the different types, tax implications, and how to apply. Learn about child and spousal support payments, deductions, and taxable income rules.
December 6, 2021
Ontario Seniors’ Home Safety Tax Credit
Learn about the Ontario Seniors' Home Safety Tax Credit, a refundable tax credit for seniors making home safety and accessibility improvements. Find out how to claim and eligible expenses.
December 6, 2021
Tax implications of Assignment Sales
Discover the tax implications of assignment sales, including business income, HST/GST, and principal residence exemptions. Learn how profits are taxed and what expenses can be claimed.
December 3, 2021
Does TaxTron support Auto-fill My Return service?
TaxTron supports the CRA's Auto-fill My Return service, automatically populating your tax return with information from T-slips and other tax documents. Ensure your tax filing is quick and accurate with TaxTron
December 3, 2021
What is the Express NOA service?
Learn about the CRA's Express NOA service, available through NETFILE certified software, for immediate access to your Notice of Assessment after filing. Stay informed with CRA email notifications.
December 3, 2021
What is a Ride-Sharing Operating Business?
Uber, Lyft, and food delivery drivers are self-employed and must report their income on T2125. Learn how to claim expenses and prepare taxes as a ride-sharing driver.
December 2, 2021
Tax implications of Divorce or Separation
Learn about the tax implications of divorce or separation, including support payments, child credits, and deductions. Understand the financial and tax consequences in Canada.
December 2, 2021
Foreign Income: What Should Be Reported?
Learn how to report foreign income, including employment, pensions, and rental income, on your Canadian tax return. Understand the rules for foreign tax credits and property reporting.
December 1, 2021
Investment property - Rental
Learn how to manage rental property tax deductions, including capital cost allowance (CCA), and the effects of selling investment properties. Discover the pros and cons of claiming CCA for rental income.
December 1, 2021
Dividend Versus Salary
Learn the pros and cons of paying yourself a salary versus dividends as a business owner. Understand how each option affects taxes, personal income, and retirement savings.
December 1, 2021
All about Principal Residences
Learn about principal residence rules, exemptions, and how to avoid taxes on capital gains when selling your primary home in Canada. Understand the necessary steps for claiming the principal residence exemption.
November 24, 2021
Capital Gains/Capital Losses
Learn about capital gains and losses, tax implications, and optimization strategies to reduce your tax burden. Understand the impact of capital gains, crystallizing losses, and tax-saving opportunities for investments.
November 1, 2021
Taxes for Airbnb in Canada
Understand the tax rules for Airbnb in Canada. Learn how to report Airbnb income, claim expenses, and navigate GST/HST requirements as an Airbnb host.
November 1, 2021
Cryptocurrencies
Understand the tax implications of cryptocurrencies. Learn how to report capital gains and losses from cryptocurrency transactions, and the rules for exchanging or converting digital currencies like Bitcoin.
November 1, 2021
Registered Education Savings Plan (RESP)
Start saving for your child's education with a Registered Education Savings Plan (RESP). Learn about CESG, CLB, and the benefits of RESP contributions for a brighter future.
November 1, 2021
Operating a Bed & Breakfast in your Home
Learn about the tax implications of operating a Bed & Breakfast in your home. Understand GST/HST registration requirements, deductible expenses, and how to charge taxes on accommodations and meals.