Underused Housing Tax (UHT) in Canada: A Guide for Property Owners
Ever heard of the Underused Housing Tax (UHT) in Canada? This relatively new tax, introduced in January 2022, aims to encourage property owners to either rent out or sell their homes, thereby increasing the availability of affordable housing across the country. If you own a residential property, it’s essential to understand how the UHT may […]
CRA Inquiry Guide: When to Contact the CRA for Quick Responses
Understanding Canadian tax laws and regulations can be complex. Therefore, the CRA has established services to help individuals and businesses seeking clarification on various tax-related matters. Whether you are an individual tax filer or a business tax filer, the CRA offers dedicated services to address your specific needs. Welcome to our friendly guide, where we […]
A Guide to Applying for Canadian Tax Credits and Benefits for 2024/2025
Tax credits in Canada can act like financial discounts that significantly reduce your tax bill. They come in various forms and provide valuable financial support. As an accountant, I’ve seen how these credits can impact individuals and families. Staying informed about the available tax credits and understanding how to leverage them can optimize your tax […]
How to File Taxes and HST for UberEats Drivers in Canada
If you’re a driver for one of the popular food delivery apps in Canada, such as Uber Eats, DoorDash, SkipTheDishes, Instacart, or Corner Shop, you might be wondering how to handle your taxes. After all, delivering food is not a typical job with a regular paycheck and a T4 slip. You are considered a self-employed […]
How to File Taxes and HST for Uber Drivers in Canada
Starting a career as a ride-share driver in Canada, whether with Uber, Lyft, or any other ride-sharing app, can be both rewarding and challenging. However, you also need to be aware of the tax implications of being a ride-share driver. Unlike regular employees, you are considered self-employed and have to report your income and expenses […]
How to Fill TD1 Form (2023): Personal Tax Credits Return
What is the TD1 form? The TD1 form is a tax form that allows employees to tell their employers how much tax they want to have deducted from their paycheque. The amount of tax that is deducted from an employee’s paycheque is based on their personal information, such as their marital status, their age, and […]
Benefits of Refiling Your Uber Tax Return in Canada: A Guide for Drivers
Many Uber drivers in Canada don’t know how to file their taxes correctly. They might lose money or get in trouble with the CRA because of errors or missing information. We had a case where we helped a client fix their tax returns for the last three years and saved them about $6,500. That made […]
Filing GST/HST Canada for Self Employed: A Complete Guide
If you’re self-employed in Canada, you may be wondering how to file your GST/HST returns. GST/HST is a value-added tax that applies to most goods and services sold in Canada. As a self-employed person, you need to know if you have to register for GST/HST, how to calculate and report your GST/HST, and when and […]
CRA Strike: How It May Impact 2022 Tax Filing
As Canadians prepare to file their 2022 tax returns, concerns about a potential strike by Canada Revenue Agency (CRA) workers may arise. With over 35,000 CRA workers and an additional 122,000 federal workers in a legal position to strike, there could be potential delays in tax returns and other services. In this blog, we will […]
10 Best Apps for E-commerce Business in Canada and USA
With the development of technology, numerous apps are available for people to maintain and manage their E-commerce businesses. The problem is that they don’t know which particular app they should opt for. Although, there’s no need to worry about it now. As per the demand of many of our clients asking for the best management […]