Taxpayer Relief

As I mentioned in my previous posts, The Canada Revenue Agency has a number of programs available to taxpayers. One of the programs available is called 'The Taxpayer Relief Program’. If you qualify for this program, the CRA may cancel or waive penalties or interest on your taxes...READ FULL STORY »

Income Tax for Aboriginals

“Aboriginal people are subject to the same tax rules as other Canadian residents unless their income is eligible for the tax exemption under section 87 of the Indian Act”. Income Tax for Aboriginals, Under section 87 of the Indian Act, is exempt from tax, only...READ FULL STORY »

Employment Income vs. Self-Employment Income

I often have to explain to my clients the difference between Employment Income and self-employment income. In the following series of posts, I will discuss the different types of income and their related expenses and deductions. Today we w...READ FULL STORY »

Home Office Tax Deduction

Are you self-employed? Do you have a home office? Are you deducting your business use of home expenses? Did you know that you can? You can claim your home office tax deduction expenses as long as you meet one of the following requirements: It is your principal place of bu...READ FULL STORY »

New Housing Rebate

Did you know that if you build a new home or make a substantial renovation to your home that you can apply for the GST/HST New Housing Rebate and receive up to $24,000.00? The GST/HST New Housing Rebate is a refund of the HST you paid on the purchases for your new home or your substantial r...READ FULL STORY »