Canada’s Tax Game: CRA or Tax Preparer – Who’s on Your Team?
Tax season is fast approaching, and for Canadians, the question remains: whom should they trust to handle their tax returns? Should they work with the Canada Revenue Agency (CRA) or a tax preparer? In this article, we'll explore the pros and
Small Business Owner? Here’s How To Save Big On Your Canadian Taxes
As a small business owner, you're likely always looking for ways to save money and maximize your profits. One of the best ways to do this is by taking advantage of the tax deductions available to you. However, navigating the
Here is how you can retire as an ex-pat without tax liability in Canada
Those who have lived in numerous countries and contributed to multiple national pensions can take advantage of Canada's international social security accords and also keep an eye on tax liability in Canada, which can help coordinate pension schemes between countries.
What are the 3 main types of taxes in Canada 2023?
It's a common misconception that there are only two types of taxes in Canada. While you may have heard the term "income tax" or "corporate tax," you may not know that there are actually three main types of taxes in
Does international students gets a tax return for tuition in Canada?
It's crucial that you are aware of your rights, liabilities, and obligations under Canadian tax law if you are an international student studying in Canada. It is your responsibility to ascertain your tax status and make the necessary tax payments
How To File Tax Returns As A International Student In Canada?
Even if you have no income, you are required to file tax returns as a student studying in Canada. The Canada Revenue Agency (CRA) publishes a list of tax submission instructions for international students Every year, the fiscal year spans from
The Truth About Gas Tax Holiday In Canada You Need To Know
Is Canada going to follow the USA on Gas Tax Holiday? Gas Tax Holiday is a scheme currently running in 5 provinces in the U.S. as a respite from the surging fuel costs. Under this scheme, state tax on cars and
Child tax credit: Who is eligible?
One of the key benefits that US ex-pats can take advantage of from the convenience of their home is the Child Tax Credit or CTC. Every US citizen and foreign resident is entitled to this fundamental right. The easiest way
Chemical Excise Tax: What do business owner ex-pats need to know about this?
After being passed unanimously by the House, the new Superfund Excise Tax is set to be effective from 1st July 2022. The policies shall remain in effect until 31st December 2031. This is more of a reinstatement of the previous
How expats can contact IRS in case of any tax filing issues?
The annual taxing date is marching closer and you as a US expat may wish to get in touch with the IRS for a few clarifications. While we furnish the processes to contact the IRS in the course of this