2024 GST/HST Credit Payments and Guidelines in Canada
Taxes can be confusing, especially when it comes to understanding the benefits you’re entitled to. But here’s some good news! The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is one benefit that can put some extra money in your pocket. It’s a tax-free payment that the Canada Revenue Agency (CRA) gives to people with […]
Understanding CRA Audits as an Uber Driver in Canada: Key Triggers and Preparation
CRA audits can be a major source of stress for Canadian taxpayers, including Uber rideshare drivers. However, with proper preparation and understanding, you can handle them confidently. Knowing the common audit triggers, preparing your documentation, understanding the CRA audit process, and knowing how to act afterward can significantly ease the process. Common CRA Audits Triggers […]
How to Register and File HST for Uber (Rideshare) Drivers Canada
If you’re an Uber driver in Canada, handling HST (Harmonized Sales Tax) for your income is a big responsibility, but we’re here to help you understand it. HST is a mix of federal GST (Goods and Services Tax) and provincial sales tax, and it applies to most things you buy and sell. This guide is […]
The Reasons Behind Toronto Uber Drivers Strike
Uber, Lyft, DoorDash and other food delivery drivers in Toronto, Vancouver and across Canada joined a global strike on February 14, 2024, to demand fair wage and better working conditions. The strike was organized by RideFairTO, a group that represents drivers’ interests. They claim that Uber drivers in Toronto earn only $6.37 per hour after […]
Your Guide to Claiming Moving Expenses Deduction in Canada
Moving to a new place can be exciting, but also expensive. Fortunately, you might be able to save some money on your taxes by deducting your moving expenses. This is a great way to reduce your taxable income and get a bigger refund. However, not everyone qualifies for moving expenses deduction, so you need to […]
A Guide to Filing Instacart Delivery Driver Taxes in Canada
In today’s fast-paced world, convenience is key, and Instacart has emerged as a game-changer in the grocery delivery industry. With its user-friendly platform and efficient services, it’s no wonder that more and more people are opting for the convenience of having their groceries delivered right to their doorstep with Instacart. But before you sign up, […]
CRA Notice of Assessment (NOA) Explained: Your 2023 Tax Return Summary
If you’re a Canadian taxpayer, you probably know that filing your tax return is not the final step in your tax obligations. After you submit your return, the Canada Revenue Agency (CRA) will review it and send you a Notice of Assessment (NOA). This is a document that summarizes your tax situation and tells you […]
2024 Tax Changes in Canada: RRSP, TFSA, EI, CPP Limits and More
The tax system in Canada is constantly evolving to reflect the economic and social realities of the country. As a Canadian taxpayer, it is important to stay informed of the latest tax changes and how they affect your financial planning. In 2024, there are some significant updates to the tax limits and rates of various […]
How to File Your Taxes for Real Estate Partnership in Canada
Real estate investing can be a great way to build wealth and achieve your financial goals. But what if you don’t have enough money to buy a property on your own? Or what if you want to share the risks and responsibilities with someone else? In that case, you might consider partnering up with another […]
How to File Your Taxes in Canada: A Guide for Newcomers
As a new resident of Canada, navigating the tax system is essential not only for fulfilling your financial responsibilities but also for accessing various benefits and credits that can support your income and living expenses. This comprehensive guide will walk you through the process of filing your taxes in Canada, covering key aspects such as […]