TAXES FOR INTERNATIONAL STUDENTS IN CANADA
If you are an international student in Canada, it is important that you understand the Canada Tax System, know what your rights and...
CANADA’s TOP FIVE (5) TAX BENEFITS
I. CANADA CHILD BENEFIT (CCB) The Canada child benefit (CCB) is a tax-free monthly payment made to eligible families to help with the...
REGISTERED RETIREMENT SAVING PLAN (“RRSP”)
WHAT IS A RRSP? A Registered Retirement Savings Plan (RRSP) is a retirement account that’s existed since 1957. RRSPs were introduced by...
ALL ABOUT TAX-FREE SAVING ACCOUNT
WHAT IS A TAX- FREE SAVING ACCOUNT (“TFSA”)? Individuals who are 18 years of age or older and who have a valid Social Insurance Number...
RENTAL INCOME VS BUSINESS INCOME
WHAT IS THE DIFFERENCES BETWEEN RENTAL INCOME and BUSINESS INCOME: Income from a business and income from property are subject to...
INDIVIDUAL TAX NUMBER (ITN) FOR NON-RESIDENTS
WHAT IS INDIVIDUAL TAX NUMBER (ITN)? Individual Tax Number is a nine-digit number issued to Non- Resident individuals who need an...
WHAT ARE THE ADVANTAGES and DISADVANTAGES OF EMPLOYEE or SELF-EMPLOYED?
It is important to know whether you are Employee or Self-Employed contractor in terms of income tax returns and benefits and also dealing...
10 IMPORTANT THINGS NEWCOMERS NEED TO KNOW ABOUT CANADIAN TAX SYSTEM
1. THE CANADIAN TAX SYSTEM: The Canadian tax system is based on Self-Assessment which means each tax payer is responsible to ensure to...
3 IMPORTANT CHANGES THAT YOU SHOULD LET CRA KNOW AS SOON AS POSSIBLE!
All the benefits and credits calculated based on your tax return and information provided to Canada Revenue Agency (CRA). For following...
TAX CREDITS and BENEFITS FOR INDIVIDUALS
Canada Revenue Agency (CRA) administers law tax for the Government of Canada and provides list of social and economic benefit and...
