February 16, 2024
Learn about the tax consequences of new house and condominium assignment sales in Canada, including GST/HST implications, business income vs. capital gains, and when exemptions apply.
February 8, 2024
Learn about the T4FHSA Statement and how to report your First-Home Savings Account contributions, withdrawals, and transfers on your Canadian income tax return.
January 30, 2024
Learn about the end of the Immediate Expensing Benefit for Canadian businesses, how it affects Capital Cost Allowance (CCA), and what it means for tax filings in 2024.
January 28, 2024
Learn about the T3 Statement of Trust Income Allocations and Designations, including how to complete key boxes and report trust income, dividends, and capital gains for beneficiaries.
January 28, 2024
Explore the T3 Statement of Trust Income Allocations and Designations, detailing how to complete each section of the form, including income, dividends, capital gains, and beneficiary-specific allocations.
January 27, 2024
Learn how to file Form T101, Statement of Resource Expenses, for flow-through shares. Understand the renunciation process, adjustments, Part XII.6 tax, and the allocation of assistance to investors.
January 27, 2024
Learn about the T1204 slip, including how to report service and mixed payments, and how to enter recipient information, business numbers, and amounts on the form.
January 27, 2024
Learn how to complete the T5007 Statement of Benefits, including reporting workers' compensation and social assistance payments, social insurance numbers, and the appropriate codes for different reporting scenarios
January 26, 2024
Learn how to report investment income on your Canadian income tax return using the T5 slip, covering details on dividends, interest, royalties, and foreign tax, as well as the reporting process for eligible and non-eligible dividends.
January 26, 2024
Understand how to report the Advanced Canada Workers Benefit (ACWB) on your tax return using the RC210 ACWB slip, including the basic benefit and disability supplement amounts for Schedule 6.
January 26, 2024
Find out how to report Universal Child Care Benefit (UCCB) payments and repayments on your Canadian tax return using the RC62 slip, including details on how to file when you have a spouse or common-law partner.
January 25, 2024
Learn how to report investment income using the T5 Statement of Investment Income in Canada, including details on dividends, interest, royalties, foreign taxes, and more. A guide to completing the T5 slip accurately.
January 25, 2024
Discover what a T4PS slip is and how it reports employee profit-sharing plan allocations and payments. Learn about employer contributions, reporting income, and its relevance to the T1-General tax return.
January 24, 2024
Learn about the T10 slip for Pension Adjustment Reversal (PAR) or Pension Adjustment Correction (PAC). Understand how it restores RRSP room and affects employees' deduction limits when leaving deferred profit-sharing plans (DPSPs).
January 24, 2024
Understand the T4A-RCA slip for Retirement Compensation Arrangements (RCA). Learn about reporting distributions, refunds, and income tax deductions, including pension income splitting and other related details.
January 23, 2024
Learn about the T4A slip, a document for reporting various income types like self-employed commissions, pensions, and educational assistance payments. Discover key details on how to fill out, when to issue, and essential reporting codes.
January 22, 2024
A T4 slip, also known as the Statement of Remuneration Paid, summarizes employment income, taxable allowances, deductions, and benefits an employer has paid to an employee during the year. Learn when to issue and how to complete a T4 slip with detailed box-by-box instructions.
January 15, 2024
Stay informed about key tax deadlines for individuals, self-employed professionals, trusts, corporations, and Canadians with U.S. tax obligations. Learn important dates for filing and payment in 2024.