Taxccount's Blog
Understanding the Tuition Tax Credit in Canada: All You Need to Know
- February 17, 2024
The rising cost of living and expensive education has become a challenging situation for a lot of students in Canada. But there are lots of perks that Canadian schools offer including tuition tax credit. It's crucial for students to have a clear understanding of the tuition tax credit and how they can effectively utilize it.
Tax efficient moves for those who are self-employed
- September 09, 2023
People in traditional employment often take for granted the convenience of income taxes being automatically deducted from their pay cheques, the stability and predictability of their earnings, and the reliance on a single income source.
Quebec – Income Tax Brackets, Rates, and Provincial Tax Credits
- February 13, 2024
Quebec is one of the most popular provinces in Canada and is known for its beautiful natural landscapes. It is also the only province of Canada where the residents need to file 2 separate tax returns.
CRA Audit trigger and how to avoid them
- August 24, 2023
We understand that running a business and filing taxes on time can be a huge challenge. Amidst all this you certainly don’t want the special attention of the Canada Revenue Agency. A lot of people believe that if they have come under the audit, it is because of some bad fortune. But that’s not true.
Ontario – Income Tax Brackets, Rates, & Provincial Tax Credits
- February 06, 2024
If you are someone who calls Ontario their home, then this would be a really informative chapter for you. In Canada, there exist numerous provincial tax credits, the specifics of which can differ according to the province of your residence.
What happens to your RRSP after your death?
- September 03, 2023
Talking about death is never easy. But sooner or later we all have to come to terms of this harsh reality of life. During your lifetime you might have accumulated a lot of wealth, but thinking about what will happen to the wealth upon my death is always a concerning question.
All that you need to know about Canada Dental Benefit
- January 28, 2024
We all know that the cost of dental treatments has skyrocketed. Dental health is such an important part of your overall wellbeing. But a lot of times it is overlooked. Most people don’t visit a dentist on a regular basis.
Capital gains tax in Ontario
- August 30, 2023
A lot of people who are residents of Canada tend to overlook capital gains tax when it comes to filing their income tax. If you live in Ontario, Canada and don’t want to make this mistake, then this is an informative article for you. Learn all about capital gains tax in Ontario and how you can file it.
8 ways in which Canada’s New Affordability Plan helps make life cheaper for you
- January 22, 2024
Inflation has made it difficult for a lot of people, especially low-income group people to manage their day-to-day expenses. There are so many expenses in your daily life like paying bills, everyday cost of living etc. and each year this expense keeps on increasing.
Best advice for newcomers filing their tax for the first time in Canada
- August 16, 2023
Navigating the complexities of tax filing can seem daunting for those new to the process, particularly with the myriad of regulations that must be adhered to. However, armed with the correct information, completing your tax filings on time and accurately becomes significantly more straightforward.
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