As we approach the new tax year, many Canadians are bracing for changes in their paycheques. The reason? Canadians will pay more federal income tax in 2025 due to bracket …
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When it comes to sharing wealth with loved ones, many Canadians often ask, how much money can be gifted tax-free in Canada? Whether you’re thinking of helping a child with …
If you are a Canadian entrepreneur, input tax credit (ITC) can be your saviour when it comes to saving you money. Most Canadian businesses are unaware of the full scope …
If your Canadian company has foreign affiliates or foreign affiliate interests, then you should be aware of the T1134 form and how to submit it. T1134 tax form filing is …
When making arrangements for your legacy, it’s essential to understand how to avoid estate tax in Canada. While there is no official inheritance tax, the Canadian estate tax system treats …
As tax season 2025 approaches, many Canadians are asking: What exactly is a T4A slip? Whether you’re retired, self-employed, a student, or receiving any form of non-employment income, understanding the …
When it comes to being aware of disability tax credit eligibility, a majority of Canadians are confused or misinformed. These misunderstandings often prevent deserving individuals from accessing the support they …
If you’re working and earning income in Canada, chances are you’ll receive a T4 slip — one of the most important documents for tax season. The T4 slip plays a …
Are you a Canadian property owner, bank account holder, or estate planner? If so, what is a bare trust? This user-friendly yet powerful financial instrument plays an important role in …
Running a small business in Ontario comes with various financial responsibilities, such as taxes. Having knowledge about the corporate tax rate Ontario will help entrepreneurs manage their tax payment effectively. …
Investing in dividend stocks is a great source of passive income, but you need to have some idea of how tax operates. Fortunately, the Canadian dividend tax credit provides investors …
GST, or Goods and Services Tax, is a federal value-added tax applied to most goods and services sold in Canada. As 2025 approaches, staying informed about GST payment dates 2025 …