December 22, 2023
Learn about tax-loss selling in Canada, a strategy to reduce taxes on capital gains. Discover how to offset losses, avoid the Superficial Loss Rule, and maximize your tax savings.
November 24, 2023
Understand the Canada Pension Plan (CPP) enhancement and its impact on workers, with details on contribution rates, pensionable earnings, and the phased increases from 2019 to 2025.
November 24, 2023
The 2024 updates to the Alternative Minimum Tax (AMT) in Canada include a higher exemption, new deductions, and changes to the tax rate, impacting high-income earners. Learn how these changes will affect your tax calculations.
November 24, 2023
Learn about the Multigenerational Home Renovation Tax Credit (MHRTC), introduced to help families with costs of renovating homes for seniors or individuals with disabilities. Claim up to $7,500 in credits for qualifying renovations.
November 24, 2023
Explore the tax implications for social media influencers in Canada, covering income reporting, expense deductions, GST/HST registration, and corporate tax considerations in the digital economy.
November 15, 2023
Learn about TaxTron's data migration capabilities, including seamless integration with CRA’s Auto-fill My Return service to simplify tax filing for individuals, businesses, and trusts in Canada.
October 13, 2023
Learn about Canada's new Residential Property Flipping Rule introduced in Budget 2022, which deems profits from property flipping as business income, with tax implications for owners and sellers.
October 13, 2023
Learn how death impacts financial matters for married and common-law couples. Explore wills, RRSP withdrawal, tax implications, joint accounts, and organizing finances for peace of mind.
August 18, 2023
Learn about the NETFILE Access Code (NAC) for T1 tax returns and Web Access Code (WAC) for T2 corporate returns in Canada. Understand how to find and use these codes for smooth tax filing.
July 27, 2023
Learn how to pass on a family cottage after death in a tax-efficient manner. Explore estate trusts, joint tenancy, and other strategies for transferring ownership.
July 27, 2023
New reporting requirements for trusts in Canada now mandate the disclosure of beneficial ownership on Schedule 15 with a T3 return starting in 2023. Learn about the changes and who is exempt.
July 27, 2023
Learn about employee security options, taxable benefits, and deferral rules in Canada. Understand the tax implications, deductions, and criteria for eligible employees.
July 24, 2023
Learn how to claim child care expenses to reduce your taxable income. Discover eligible providers, requirements, and how to report expenses for children 16 and under.
July 22, 2023
Understand how to report investment income on your Canadian tax return, including dividends, interest, and capital gains. Learn about the gross-up rates for dividends and other important tax details.
July 22, 2023
Learn about the Canada Pension Plan (CPP) retirement pension, including eligibility, application process, and how the amount is determined. Understand your options and additional benefits.
July 10, 2023
Understand the important steps to take when reporting a death in Canada, including notifying Service Canada, the Canada Revenue Agency, and financial institutions, and the documentation required.
July 10, 2023
Learn about estate planning, including Powers of Attorney, Living Wills, and Last Wills. Understand the differences and requirements for each document in creating a complete estate plan.
July 10, 2023
Learn about different types of estate trusts including Testamentary Trusts and Intervivos Trusts. Understand their advantages for tax reduction, probate avoidance, and protecting assets.