Disability Tax Credit (DTC): Electronic Applications
Disability Tax Credit (DTC): Electronic Applications The DTC is a non-refundable tax credit that provides tax relief for individuals (or […]
Multigenerational Home Renovation Tax Credit: More Housing Support
Multigenerational Home Renovation Tax Credit: More Housing Support The multigenerational home renovation tax credit is a refundable tax credit applicable
Cryptocurrency Exchange Cessation: Recordkeeping
FIRST HOME SAVINGS ACCOUNT (FHSA) : A NEW SAVINGS TOOL A June 7, 2023 CryptoTaxLawyer.com article (Binance Bids Canada Bye-Bye!
First Home Savings Account (FHSA): A New Investment Tool
FIRST HOME SAVINGS ACCOUNT (FHSA) : A NEW SAVINGS TOOL The tax-free FHSA was introduced in 2023 to help first-time
CPP Enhancements: Higher Contributions & Benefits
CPP ENHANCEMENTS : HIGHER CONTRIBUTIONS & BENEFITS In 2019, the government commenced a two-part enhancement to the Canada Pension Plan
TFSA: Carrying on a Business Within It
TFSA: Carrying on a Business Within It Earnings in a TFSA are typically not taxable. However, earnings in a TFSA
Digital Adoption Program: Grants, Loans & Professional Assistance
Digital Adoption Program: Grants, Loans and Professional Assistance On March 3, 2022, the Canada Digital Adoption Program (CDAP) was launched
Money Received from Abroad: CRA Reviews
Money Received from Abroad: CRA Reviews As of 2015, financial institutions must report electronic fund transfers (EFT) into Canada of
Estimated Sales by CRA
Estimated Sales by CRA: Audit File Selection & Assessment In an attempt to identify unreported revenue, CRA and Revenue Québec
Auditing Old Tax Returns
Auditing Old Tax Returns: CRA Abilities and Limitations CRA may reassess the tax returns for CCPCs and individuals within three