September 15, 2024
Learn the importance of a last will and testament in estate planning. This guide explains how to create a will, its key features, legal requirements, and the role of an executor.
September 15, 2024
Learn about the tax rules and exemptions for employee and shareholder loans in Canada. Understand when loans are taxable, the criteria for exemptions, and key considerations for repayment plans under the Income Tax Act.
August 26, 2024
Discover how to locate, manage, and secure your Corporation Key effectively. Learn step-by-step instructions for requesting a replacement, ensuring security, and maintaining compliance.
August 26, 2024
Learn how to dissolve a corporation in Ontario with this step-by-step guide. Understand voluntary and involuntary dissolution, legal steps, requirements, and implications for directors and shareholders.
August 26, 2024
Explore the key differences between Alter Ego Trusts and Bare Trusts in Canada. Learn their unique features, tax implications, benefits, and ideal scenarios for each.
August 26, 2024
Understand the CRA’s requirements for reporting foreign property over $100,000 in Canada. Learn what needs to be reported, deadlines, penalties, and how to file Form T1135.
August 2, 2024
Learn about corporate income tax installments, due dates, and calculation methods to stay compliant. Understand requirements for monthly and quarterly installment schedules.
August 2, 2024
Understand Allowable Business Investment Loss (ABIL), eligibility criteria, and how to claim it. Learn how ABIL deductions can offset income or become part of non-capital losses.
August 2, 2024
Learn about tax adjustments in Canada, including how to file a T1 Adjustment, reasons for making changes to a tax return, and key steps for correction.
August 2, 2024
Explore the platform economy, its types, government concerns on taxation, data privacy, and competition, and steps taken to regulate digital platforms globally.
July 19, 2024
Discover how Employment Insurance (EI) benefits for self-employed Canadians work, including eligibility, types of benefits, and premium payment details.
July 19, 2024
The Basic Personal Amount and Spousal Amount are federal non-refundable tax credits that reduce the amount of tax payable. Learn how these amounts fluctuate based on income and eligibility.
July 19, 2024
Learn about Employment Insurance (EI) regular benefits, eligibility criteria, application process, and taxable benefits for individuals who lose their jobs through no fault of their own.
July 19, 2024
Learn how the Ontario Tax Reduction Credit helps reduce provincial tax, based on family circumstances like dependents and marital status. Find eligibility criteria and examples.
July 15, 2024
The RL-27 slip is filed by Quebec government departments or agencies to report contractual payments or subsidies paid to individuals, trusts, corporations, or partnerships. It is used for reporting assistance with property costs, business operation, or medical expenses.
July 15, 2024
The RL-26 slip is issued by Capital régional et coopératif Desjardins to report amounts paid for shares and their value upon exchange. It is used by individuals to claim tax credits related to the acquisition or exchange of Desjardins shares on their income tax return.
July 15, 2024
The RL-32 slip is used by issuers to report taxable amounts and Québec income tax withheld from First Home Savings Accounts (FHSA). Learn about the box-by-box instructions for completing the RL-32.
July 15, 2024
The RL-25 slip is filed by trustees of profit-sharing plans to report income from dividends, capital gains, and other allocated amounts. It is used to calculate tax credits, special taxes, and deductions related to profit-sharing plans for beneficiaries.