by Jason RosenDesignating a Property as a Principal Residence – T2091
The Principal Residence Exemption may allow for the profit from the sale of your home to be received tax-free. For many Canadian households, a vast am...
by Jason RosenWhat is Considered Taxable Income in Canada?
Taxable income means the value of what you have received is included in your income for the year, and you must pay tax on this amount. A common questi...
by Jason RosenCan You Claim Land Transfer Tax in Ontario
Land transfer taxes are one of many fees associated with buying real estate in Ontario. Upon the purchase of land or an interest in land in Ontario, t...
by Jason RosenRevenue Canada Disputes
A Revenue Canada dispute is any disagreement that you have with the Canada Revenue Agency. These disputes can be about anything on your tax returns, s...
by Jason RosenWhat is Capital Gains Tax?
What is Capital Gains Tax? Capital Gains tax is a tax rate that is applied to income earned from the sale of capital property. This differs from the t...
by Jason RosenHow Much is Income Tax in Canada in 2018?
Canadian income tax rates vary according to the amount of income a taxpayer earns. In addition, taxpayers pay different rates on different portions of...
by Jason RosenTFSA Contribution Limit
A Tax-free savings account (TFSA) is a registered investment account that allows Canadian residents to earn tax-free money on certain types of invest...
by Jason RosenCryptocurrency Audits and the CRA
Recently, the Canada Revenue Agency has sent out a 13 page questionnaire to those it suspects of owning cryptocurrencies or digital currencies. These ...
by Jason RosenTax Requirements for the Gig Economy in Canada
The Canada Revenue Agency (the “CRA”) requires all taxpayers to file income tax returns every year. Since Uber, and other similar companies, have ...
by Jason Rosen