May 31, 2024
Learn about corporate donations and how to claim them on the T2 Schedule 2 (T2SCH2). Explore eligibility, tax deductions, and specific gift categories like cultural property and ecologically sensitive land.
May 30, 2024
Learn the common reasons why your tax refund might be delayed or never arrive. Understand the CRA's processing timeline, reasons for refund holds, and how to check your refund status.
May 29, 2024
Newcomers to Canada: Learn how to navigate notices from the CRA regarding Ontario Trillium Benefit (OTB), Goods and Services Tax Credit (GSTC), and Canada Carbon Rebate (CCR). Understand income declaration, marital status changes, and how to respond promptly.
May 23, 2024
Learn about the new capital gains tax changes in Canada effective June 25, 2024. Discover strategies like selling assets before the deadline to minimize the impact of the higher tax rates on significant capital gains.
May 23, 2024
Learn how to lessen the impact of higher capital gains taxes with crystallization strategies. Explore options like transfers to a holding company, trust, or spouse, and understand the new tax changes effective June 2024.
May 21, 2024
Learn how to apply for and renew your CRA EFILE number, a must for tax professionals and businesses submitting client returns electronically. Understand the application process, renewal deadlines, and required updates for continued access.
May 18, 2024
Discover how to use CRA's Represent a Client (RAC) service to manage tax affairs on behalf of others. Learn about the benefits, registration process, and how authorized representatives can access client tax files securely.
May 16, 2024
Learn about tax write-offs in Canada, including common deductions and non-refundable tax credits. Find out how you can reduce your taxable income and save on taxes with write-offs like RRSP contributions, medical expenses, and more.
May 13, 2024
Learn about filing GST/HST returns in Canada, including filing deadlines, how to calculate HST payable or refund, and requirements for businesses. Find out more about the Regular and Quick methods, tax credits, and CRA assessment notices.
May 10, 2024
Understand how to report foreign rental income on your Canadian tax return, including using Form T776 and Form T1135. Learn about currency conversion, claiming Capital Cost Allowance (CCA), and filing deadlines.
May 7, 2024
Learn about the tax implications of jury duty pay in Canada, including how to report income and claim deductions for related expenses like parking. Understand the process of filing on your tax return.
May 6, 2024
Understand how to report scholarships, fellowships, bursaries, and artists' project grants on your Canadian tax return. Learn about tax exemptions and how TaxTron software simplifies the process.
April 26, 2024
Learn about the enhancements to Canada's Home Buyers' Plan (HBP), including the increased withdrawal limit and extended grace period. Understand how the new rules help first-time homebuyers.
April 24, 2024
Explore the key tax changes in Canada's 2024 budget, including capital gains tax updates, the Canadian Entrepreneurs' Incentive, increased Home Buyers' Plan limits, and more. Understand the financial impacts for individuals and businesses.
March 14, 2024
Learn about the new tax rules for bare trusts in Canada, including the T3 Return requirement, trustee responsibilities, and how to file. Understand the penalties for late filings and how to register your trust.
March 9, 2024
Learn about the Ontario Student Residence Rebate, a new tax credit for students living in designated residences. Find out if you're eligible, how to claim the rebate, and how it can reduce your housing costs.
February 23, 2024
Understand the tax implications of the Ontario Student Assistance Program (OSAP), including the treatment of loans, grants, and the interest tax credit. Learn how to navigate OSAP funding and its effect on your tax return.
February 23, 2024
Understand RRSP contribution limits, how they're calculated, and important deadlines. Learn how to avoid penalties for exceeding your RRSP limit, and how contributions can reduce taxable income.