Taxccount's Blog
How to apply for Canada Pension Plan (CPP) Retirement Benefits?
- January 17, 2023
Canada Pension Plan has been one of the contributory and income-related social safety measures in this country. It was meant to help contributors who retire, get ill, or die.
Ways to maximize your tax return
- December 30, 2023
Canada has a lot of tax credits and deductions which you should know off. This is especially hard because there are twelve to fifteen new federal or provincial tax credits introduced every year.
All that you need to know about OSAP – Ontario Student Assistance Program
- September 19, 2023
The Ontario Student Assistance Program (OSAP) provides grants and loans to citizens of Ontario who are enrolled in post-secondary education.
What is Tax-Free First Home Savings Account (FHSA)?
- December 15, 2023
If you are planning to buy your own home in Canada, then we want to send you all the luck. It isn’t easy to buy a house in Canada considering the sky-high prices and the ever-increasing interest rates.
Small business tax tips – Filing T2125 form
- February 29, 2024
If you have a small business in Canada or you are self-employed, then you need to keep in mind that filing taxes for you can be slightly different as compared to your friends who are employees.
Deducting work from home expenses
- February 21, 2024
After the pandemic work from home has become the new normal. You are eligible to claim deductions for expenses incurred in the tax year for the use of a workspace in your home for employment purposes.
Understanding the T2200 Form: Your Comprehensive Guide to Employment Expenses
- February 13, 2024
If you are a working professional in Canada whose company has introduced remote working or you work from home and want to claim your unreimbursed employment expenses this tax season, then this article will be particularly helpful for you.
Navigating income tax withholding – a handbook for employees
- February 04, 2024
When you receive your paycheck from your employer, it's essential to recognize that several financial components are at play. These include the automatic withholding of your Employment Insurance (EI) premiums, Canada Pension Plan (CPP) contributions, and income tax.
Explaining common USA tax forms and how to enter them for your Canadian tax returns
- February 04, 2024
If you're a Canadian resident and you own foreign stocks that yield dividends or earn income from a foreign country, it's crucial to include this as foreign income when completing your Canadian Tax Return (T1).
How to report farming income?
- January 29, 2024
Under certain circumstances, revenue from aquaculture, the operation of botanical nurseries, or the stewardship of sugar maple groves may also qualify as agricultural earnings.
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