In Canada, the tax authorities apply capital gains tax to the profit earned from selling or disposing of capital property, such as real estate, stocks, or other investments. When the sale price of an asset exceeds its original purchase price, the difference is considered a capital gain. Currently, 50% of your […]
Work-From-Home Expenses: A Guide to the T2200 Form in Canada For many Canadians, working from home has become the new normal. While this flexibility offers numerous benefits, it can also lead to additional expenses like increased electricity bills, internet costs, and wear and tear on your home office furniture. Thankfully, the […]
Small company owners must concentrate on completing their taxes while Canadians finish their income tax returns. Self-employed people have until June 30 to file their tax forms, and the payment deadline is still May 2. The deadline for filing for people with incorporated businesses is six months following the conclusion of […]
Ah, tax season. For many Canadians, it’s a period filled with dread, a time for scrambling to gather receipts and decipher confusing forms. But fear not! With some knowledge and the right resources, tackling your personal taxes can be a smooth (and potentially rewarding) experience. This blog post serves as your guide […]
