July 4, 2023
Taxation of Deceased Individuals
Understand the taxation of deceased individuals in Canada, including terminal returns, RRSPs, death benefits, and tax credits. Learn how to manage the deceased’s tax obligations effectively.
Articles from 2023, page 2 of 2
June 29, 2023
Calculating Net Income for Tax Purposes
Learn the differences between accounting and taxation net income, with a focus on timing and permanent differences. Explore examples and common additions/deductions for T2 corporate tax returns.
June 14, 2023
Underused Housing Tax (UHT)
Learn about Canada's Underused Housing Tax (UHT), a 1% annual tax on underused residential properties owned by non-residents. Understand the filing requirements, exemptions, and penalties for non-compliance.
June 14, 2023
Revenu Quebec Représentant PRO: MY ACCOUNT FOR PROFESSIONAL REPRESENTATIVES
Learn how to register for Revenu Québec's Mon dossier or My Account for professional representatives. Discover the differences between PRO and PRO+ access tiers, and how to manage EFILE codes for clients using Taxtron.
June 14, 2023
XE8: Gasoline tax refund for persons with permanent impairment
Discover how individuals with permanent mobility impairments in Canada can claim a refund on federal gasoline excise tax. Learn about eligibility, claim methods, and documentation requirements for the refund program.
June 13, 2023
Auto-fill My Return
Explore the Canada Revenue Agency's Auto-fill service for individuals and authorized representatives. Learn how to download tax slips and benefit information using NETFILE-certified software like TaxTron.
June 8, 2023
What are the differences between RRSP and TFSA?
Discover the key differences between RRSP and TFSA, including contribution rules, tax benefits, age limits, spousal contributions, and withdrawal implications for smarter financial planning.
May 29, 2023
Taxes for Newcomers to Canada
New to Canada? Learn about Canadian tax filing for newcomers and the benefits you may qualify for, including GST/HST credit, Climate Action Incentive, Canada Child Benefit, and more.
April 25, 2023
Do you qualify for Canada Grocery Rebate?
Find out if you qualify for the Canada Grocery Rebate, designed to assist Canadians facing rising food prices. Learn about eligibility and the rebate amounts for individuals and families.
April 25, 2023
Understanding Taxes: Late Payment Penalties, Interest Charges
Learn about the penalties and interest charges for late tax filing and payments in Canada. Understand CRA penalties, interest calculations, and how to avoid extra charges.
February 25, 2023
Labour Mobility Deduction (LMD)
Learn about the Labour Mobility Deduction (LMD) for tradespeople and apprentices in Canada. Claim transportation, meals, and lodging expenses for temporary work locations.
February 24, 2023
Cryptocurrency and Tax implications
Understand the tax implications of cryptocurrency transactions in Canada. Learn how mining, trading, and cryptocurrency funds impact taxes, including HST/GST and capital gains.
January 19, 2023
Increase in First-time Home Buyers' Tax Credit
Learn about the increased First-Time Home Buyers' Tax Credit (HBTC) in Canada. Understand eligibility criteria, tax benefits, and how to claim up to $10,000 for your new home.
January 9, 2023
Avoid CRA penalties and maximize your refund by avoiding these common mistakes
Avoid costly CRA penalties and maximize your tax refund by steering clear of common tax filing mistakes. Learn about missed credits, ineligible deductions, income reporting errors, and more.