There’s things you can’t change, like a bad haircut or a silly tattoo. Fortunately, if you’ve made an error on your tax return and need to amend it, there’s a fairly simple way to do so. Continue reading How Can I Amend My Tax Return?
Filing your taxes is probably the last thought to cross your mind at the moment, but there are so many things you can start doing now that will positively impact your tax return next year. Here’s a list of ways you can help boost next year’s tax return and get a bigger a refund.
The RCMP has issued a warning to taxpayers to be on the lookout for fake emails and phone calls claiming to be from officials of the Canada Revenue Service.
This is the top 10 countries with the highest taxes. These tax rates and tax burdens are so high these governments take a huge piece of a worker’s income. Which country has the highest tax rate? Watch to find out!
For most individuals in Canada your return for the 2016 calendar year has to be filed on or before Sunday April 30, 2017.
When the due date falls on a Saturday, a Sunday, or a holiday recognized by the CRA, CRA considers your return to be filed on time if we receive it or it is postmarked on the next business day.
Continue reading When Is the Tax Deadline Day In Canada for 2017?
The Tax-Free Savings Account (TFSA) is an account that provides tax benefits for saving in Canada. Investment income, including capital gains and dividends, earned in a TFSA is not taxed, even when withdrawn.
The TFSA limit determines how much you can deposit in your Tax-Free Savings Account each year. Here are the limits for 2017:
Money you invest in an RRSP grows tax deferred until you withdraw Continue reading Tax Tip: Can I Claim a Capital Loss on My RRSP?
Vancouver is proposing a one-per-cent tax on the value of empty homes in an effort to increase the vacancy rate in the city’s incredibly tight rental market.
Some individuals in Canada are required to pay their personal income tax in regular instalments during the year, rather than in a lump sum on April 30. This instalments are sort of like pre-paying a future tax liability.
With a break for middle-income earners and an increase for the highest-earners, most Canadians don’t know if they will pay more or less in 2016, saysJamie Golombek, Managing Director, Tax and Estate Planning, at CIBC’s Wealth Strategies Group.
For most individuals in Canada your return for the 2015 calendar year has to be filed on or before Saturday April 30, 2016.
When the due date falls on a Saturday, a Sunday, or a holiday recognized by the CRA, we consider your return to be filed on time if we receive it or it is postmarked on the next business day.
Continue reading When Is the Tax Deadline Day In Canada for 2016?