Did you know that failing to declare your property’s occupancy status in Hamilton could result in an additional tax charge? The Vacant Unit Tax (VUT), introduced by the City of Hamilton, is designed to discourage long-term property vacancies and increase…
As the global pandemic continues to reshape the way we work, an increasing number of Canadians find themselves adapting to the new reality of remote work. With the convenience of working from home comes a unique set of challenges and…
Tax season can be a confusing time for many Canadians. From deciphering what all those acronyms mean to understanding which tax slip you need, it can feel like navigating a complex maze of forms and numbers. One tax slip that…
Are you planning to buy a property in Ontario and wondering how much land transfer tax you’ll need to pay? Land transfer tax is a significant cost that every homebuyer must consider, yet many overlook its impact on their budget.…
Are you curious about how much tax is deducted from your paycheck in Alberta? It’s no wonder – understanding how taxes impact your earnings is essential for managing your finances effectively. Whether you’re a full-time employee or working part-time, having…
Tax season can be a stressful yet rewarding time for individuals and businesses alike. While the process of filing taxes can often be complex, the anticipation of receiving a tax refund can make it all worthwhile. However, one question that…
Are you a working individual in Canada? Have you come across the term Canada Workers Benefit (CWB) but need clarification on what it entails? Or perhaps you recently received this benefit but are still determining why. Well, you’ve come to…
Did you know that the Canadian cryptocurrency market is estimated to be worth over $5.5 billion? As the industry continues to grow, the Canada Revenue Agency (CRA) has been working diligently to ensure that taxpayers report their crypto-asset transactions accurately.…
Are you considering changing your legal name in Canada? Perhaps you recently got married or divorced, or maybe you simply want to adopt a new name that better represents your true identity. Whatever the reason may be, navigating the process…
Did you know that 50% of the profits from selling an investment property in Canada are subject to capital gains tax? This means that for every $100,000 you make on a rental property sale, you could owe the government up…