What 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 tax...
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Taxes and the Gig Economy in Canada
What is the Gig Economy? The gig economy is defined as one in which temporary, flexible jobs are much more common and companies lean more towards hiring...
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How 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 their...
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Schedule 7: RRSPs in Canada
Schedule 7 is a form that is attached to your Income Tax Return and it calculates your Registered Retirement Savings Plan (RRSP) deduction. The RRSP...
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TFSA 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...
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Cryptocurrency 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 are...
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Tax 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 arrived on...
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What is HST in Canada?
The harmonized sales tax (“HST”) is a consumption tax in Canada and it combines the goods and services tax ("GST") and provincial sales tax ("PST") . It is...
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