What is the Climate Action Incentive Credit? If you live in Alberta, Ontario, Manitoba and Saskatchewan, you are being charged Federal Carbon Tax. Federal government… Read More »Have you claimed the Climate Action Incentive credit on your tax return?
COVID-19 has forced many people to work from home. A big question on the minds of many is the deductibility of home office expenses. After… Read More »COVID-19 – Home Office Expenses for Employees
The Government of Canada is taking immediate action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. To help… Read More »Government Announces Details of the Canada Emergency Wage Subsidy to Help Businesses Keep Canadians in their jobs
The Government of Canada has announced a series of economic measures designed to support Canadian workers and businesses. We have summarized the key measures and… Read More »COVID-19: Canada’s Tax Measures to help Canadians with filing and paying taxes
Rate of return on your investment By paying down your mortgage you are reducing your interest expense. In a way, this is a guaranteed rate… Read More »Your Mortgage Size vs. Your Portfolio Investments Size
Your real estate property is considered a capital asset and like any other capital asset, when you dispose of it, you would be subject to… Read More »“Principal Residence Exemption” and renting out your principal residence – What you need to know!
When it comes to investing for retirement, tax consideration and how it impacts your investments is always an important one. You could invest your money… Read More »RRSP vs. TFSA – Which is a better option for you?
As a Canadian resident you are taxable on your worldwide income. Your worldwide income includes any income you earn from your employer, any passive income… Read More »Income from ride sharing and other side business