Withholding Tax for Non-Residents on Real Estate Sales
Over the years, Canada has been seen as an attractive place for foreign investors to purchase real estate due to its history of lucrative price...
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The Home Buyers’ Plan and the CRA
The Home Buyers’ Plan (“HBP”) is a program that allows qualified first-time home buyers (the definition for which can be found below) to withdraw up to...
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Canada’s Emergency Rent Subsidy
The Canada Emergency Rent Subsidy (“CERS”) was introduced on November 19th, 2020. The CERS subsidizes commercial real estate expenses incurred by businesses...
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What Happens to an RRSP Upon Death?
To put it rather simply, a Registered Retirement Savings Plan (“RRSP”), is a tool created by the Government of Canada designed to help individuals invest...
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What Happens If I Over-Contribute To My TFSA?
The Tax Free Savings Account (“TFSA”) is a way for individuals who are 18 years of age or older, have a valid social insurance number, and are tax residents...
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How Spousal Support Payments Affect Taxes
What is a Spousal Support Payment? In simple terms, a spousal support payment is financial support paid from an individual to a former spouse after...
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The New Canada Recovery Hiring Program
The Federal Government recently announced a new program to assist businesses that have been impacted financially by the Covid-19 pandemic. The Canada...
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How to Apply for the Disability Tax Credit Certificate
We previously explained what the Disability Tax Credit was in our blog post found here. This blog post will explore how to apply for the credit....
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