October 21, 2021
What is the Canada Training Credit?
Learn about the Canada Training Credit (CTC) to help with tuition fees for eligible individuals in Canada. Discover how to qualify and claim this refundable credit for skills training.
Articles from 2021, page 2 of 2
October 21, 2021
Self-employment for Tax Purposes
Learn how to report self-employment income for tax purposes in Canada. Understand the rules, expenses, and deductions, including how to track income, claim business expenses, and manage your taxes.
October 21, 2021
What are tax instalment payments and how do I enter them on the TaxTron Web?
Learn about tax instalments, when they are required, and how to enter them on TaxTron Web. Discover payment options and avoid interest or penalties on overdue instalments.
October 21, 2021
Is premium paid life insurance tax deductible?
Learn about life insurance premium deductions in Canada. Understand when premiums are tax-deductible, how life insurance policies work, and the adjusted cost basis (ACB) for tax purposes.
October 21, 2021
Change in Use of Property
Learn about the tax implications of a change in use of property in Canada. Understand elections, capital gains, and principal residence exemptions when converting from principal residence to rental or vice versa.
October 21, 2021
RRSP - RRSP Contribution Limit
Learn how to determine your RRSP contribution limit based on earned income and CRA guidelines. Stay within your limit to maximize your tax benefits and retirement savings.
October 21, 2021
RRSP-Pension Adjustments
Understand how pension adjustments (PA) and pension adjustment reversals (PAR) affect your RRSP contribution limits. Learn about the impact of pension plan changes and upgrades on your tax benefits.
October 21, 2021
Charitable Donations
Learn how charitable donations can impact your tax return in Canada, including eligible donation limits, qualifying charities, and common mistakes to avoid. Maximize your donation credit benefits today.
October 21, 2021
Registered Retirement Savings Plan (RRSP) Income
Understand RRSP income and withdrawals in Canada. Learn about RRSP annuity payments, tax implications, spousal RRSPs, and how to report RRSP withdrawals on your tax return.
October 21, 2021
Non-Resident Tax filing
Understand your Canadian tax obligations as a non-resident. Learn about Part XIII and Part I tax, Section 216 and 217 elections, and when you need to file a non-resident tax return. Get expert advice from Softron Tax.
October 21, 2021
Emigrants -deemed disposition of property
Learn about the tax implications of emigrating from Canada. Understand deemed disposition, required forms, and tax obligations when leaving Canada for good.
October 21, 2021
Registered Retirement Income Fund (RRIF)
Learn about Registered Retirement Income Funds (RRIFs) in Canada, including minimum withdrawal percentages, tax implications, and the impact of death on RRIF funds. Understand RRIF to TFSA transfers and RRIF taxation.
October 21, 2021
GST/HST Credit
Discover how to qualify for and apply for the GST/HST Credit in Canada. This credit helps individuals and families with modest incomes offset taxes on products and services. Learn about eligibility, payment schedules, and how family status affects the credit.
October 21, 2021
Home Office Expenses- Deductions for Employed & Self-Employed Taxpayers
Learn how to claim home office expenses as a self-employed individual or employee in Canada. Understand eligible deductions, including the impact of working from home during COVID-19, and how to reduce taxable income by claiming prorated expenses.
October 21, 2021
Do I need to register for a GST/HST number?
Learn if you need to register for a GST/HST number, based on your business's income and location in Canada. Find out when registration is required, how to register, and what exemptions apply.
October 21, 2021
RRSP - Types of RRSPs
Explore the different types of RRSPs in Canada, including Self-Directed, Regular, and Spousal RRSPs. Learn which type best fits your retirement strategy and tax-saving goals.
October 10, 2021
GOODS & SERVICES TAX CREDIT (GSTC)
Learn about the Goods & Services Tax Credit (GSTC) in Canada, including who is eligible, how it is calculated, and the benefits for families with lower incomes.
January 14, 2021
Where can I find NAC code?
Learn where to find the NETFILE Access Code (NAC) on your Notice of Assessment (NOA) to file your 2020 tax return electronically.