Canada’s Underused Housing Tax (UHT) Updates 2024
The Underused Housing Tax (UHT), introduced in 2022, aims to address vacant or underused residential properties in Canada. With the April 30th deadline approaching, it’s
April 26, 2024
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Understanding Deductions on Your T4 Slip and Pay Stubs in Canada
Ever wondered why your paycheck isn’t quite what you expected? In Canada, employers withhold certain amounts from your earnings to go towards taxes and social
April 24, 2024
Tax Implications of Changes in Use of Property: Your 2024 Guide
When it comes to real estate and taxes in Canada, the rules can seem daunting, especially when you’re faced with a situation you haven’t navigated
April 18, 2024
2024 Federal Budget Highlights and Key Tax Changes for Canadians
The Canadian Federal Budget for 2024 has been released, and outlines a variety of proposed tax changes impacting individuals and businesses. While the details are
April 17, 2024
A Guide to Collecting GST/HST for Businesses in Canada
If you are a Canadian business owner, you may wonder if you need to collect the goods and services tax (GST) or the harmonized sales
April 15, 2024
Claiming the Canadian Disability Tax Credit (DTC): Eligibility & Benefits
Living with a physical or mental impairment can incur significant extra costs. The Canadian government recognizes these challenges and offers the Disability Tax Credit (DTC)
April 5, 2024
A Guide to Uber Rideshare & Food Delivery Driver Taxes & HST (2024)
If you’re working as a rideshare driver for Uber, Lyft, Uride, or doing food delivery through platforms like Uber Eats, DoorDash, or SkipTheDishes, it’s essential
April 3, 2024
How to Claim Child Care Expenses on Your Canadian Tax Return
Navigating the world of tax deductions can be daunting, but as a parent in Canada, understanding how to claim child care expenses can significantly impact
March 29, 2024
Understanding 2023 Uber Tax Summary for Canadian Drivers
Tax season can be overwhelming, especially when it comes to understanding your Uber Tax Summary as a Canadian driver. But fear not! This guide will
March 19, 2024
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
March 16, 2024
Understanding CRA Audits for Uber Drivers in Canada
CRA audits can be a source of significant stress for any Canadian taxpayer, but with the right knowledge and preparation, you can manage them with
March 12, 2024
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
February 20, 2024
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
February 15, 2024
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
February 14, 2024
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
February 5, 2024
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
February 5, 2024
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
February 3, 2024
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
January 29, 2024
How to File Your Taxes in Canada: A Guide for Newcomers
If you are new to Canada, you may be wondering how the Canadian tax system works and what you need to do to file your
January 25, 2024
Tax Implications of Leasing or Financing a Car for Business
When it comes to getting a car, the decision of whether to lease or finance can be a daunting one. As an accountant, I understand
January 16, 2024
The Ultimate Guide to Filing Your Skip The Dishes Taxes in Canada
If you love driving and making people happy with food, you might enjoy working as a skip the dishes driver. It’s a flexible way to
January 13, 2024
How to File Taxes for DoorDash Drivers in Canada: A Step-by-Step Guide
Filing taxes as a Doordash driver can be tricky, and it’s easy to feel like you’re stuck in a maze of paperwork and deadlines. But
January 12, 2024
How to Write-off Business Meal Expenses: CRA Rules Explained
If you’re a small business owner or an employee who travels for work, you might be wondering how to deduct your meal expenses from your
December 26, 2023
Canada Pension Plan (CPP) Changes for 2024: Contribution Rates and Amounts
Today I want to talk to you about some important changes that are coming to the Canada Pension Plan (CPP) in 2024. If you are
December 18, 2023
Multigenerational Home Renovation Tax Credit (MHRTC): Eligibility, Expenses Explained
The Multigenerational Home Renovation Tax Credit (MHRTC) is a game-changer for homeowners, starting with the 2023 tax year. It’s a refundable tax credit designed to
December 5, 2023
Canadian 2024 Tax Credits and Benefits Payment Dates and Deadlines
The Canada Revenue Agency (CRA) provides a variety of tax credits and benefits to eligible Canadians and credits that can help you with your income,
December 1, 2023
Year-End Tax Planning Essentials for Canadian Small Businesses
As an accountant specializing in small business taxes, I understand the importance of year-end tax planning. It’s a crucial time for entrepreneurs and small business
November 23, 2023
Top 10 Tax Deductions for Self-Employed in Canada
Being self-employed in Canada comes with its perks, such as the freedom to work on your own terms, set your own schedule, and choose projects
November 13, 2023
Self-Employed Taxes in Canada: Your Guide to CPP, EI & Income Tax (2024 Update)
Welcome, fellow entrepreneur! You have taken a bold step by choosing to be self-employed or considering self-employment in Canada. You should be proud of yourself
November 1, 2023
Underused Housing Tax (UHT) in Canada: A Guide for Property Owners
Ever heard of the Underused Housing Tax (UHT) in Canada? It’s a new thing that encourages property owners to rent out or sell their homes.
October 27, 2023
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
October 24, 2023
Top 4 Tax Credits in Canada To Claim in 2024
Tax Credits in Canada are a great way to lower your income tax and save money. They work like a discount coupon that you can
October 13, 2023
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
October 4, 2023
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,
September 4, 2023
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
June 23, 2023
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
June 16, 2023
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
May 13, 2023
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
April 17, 2023
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
August 31, 2022
Tax Deductions for Truck Drivers in Canada
For truck drivers, like everyone else, tax deductions are a great way to save money. Truck driver generally don’t have time research or discuss with
August 16, 2022
What is The Tuition Tax Credit in Canada and How Does It Work?
Most of us pursue post-secondary education to improve our skill set in hopes of landing a good job or successfully starting our own venture. A
August 11, 2022
10 Best Apps for Truck Drivers in Canada and USA
There are so many apps in the market nowadays, to cater to most of our business needs. With so many apps available, it becomes difficult
June 30, 2022
How to file your taxes as Uber Eats and other delivery drivers
Uber Eats, Skip, Doordash and other delivery drivers do a lot of hard work earning their living off of these apps. They have to drive
April 23, 2022
How Uber Drivers pay less HST?
HST on Uber drivers As a matter of fact, Uber transfers money earned by an uber driver to his bank account. But, one thing to
April 4, 2022
HST for Uber drivers and Self employed-explained
HST for Uber drivers The terminology of HST for Uber drivers is really valuable, especially when it comes to the Tax filing for Uber drivers.
March 31, 2022
Staycation tax credit
The staycation tax credit is a new thing as a sort of taxation by the government of Canada. It not only seems to be really
March 28, 2022
The Impact of Loneliness and Powerlessness on Gig Workers
Workers in the gig economy There has been various news regarding the issues being faced by the gig economy in Canada. So, to have an
March 28, 2022
Luxury tax canada
What is a luxury tax Canada? This terminology of luxury tax Canada was imposed by the Government of Canada on the budget 2021 when there
March 23, 2022
Filing income tax for small businesses in Canada
Filing income tax for small businesses The process of filing income tax can be different from business to business and sector. But, the process of
March 22, 2022
Canada tax brackets 2022
What do you mean by tax brackets? Tax brackets are usually the analysis of taxable amount on the basis of personal income. It is different
March 22, 2022
Uber tax summary 2021- Explained
The Uber tax summary is really valuable for tax filing, especially for Uber drivers. As Canada is having the tax season for the taxations of
March 22, 2022
Crypto tax calculator Canada
Crypto tax Canada The locality of Canada really favors the latest innovations. Especially the one being known as the crypto tax is a new innovation
March 14, 2022
Tax filing for Uber drivers in Canada
The method of tax filing in Canada for Uber drivers is different in their own very way. Transportation companies especially in Canada have either specific
March 13, 2022
What is CCB notice?
This notice for Canada Child benefit or CCB is based upon the specific income of families. The reason to classify it as a notice depends
March 10, 2022
Do Uber drivers pay tax in Canada?
Uber drivers in Canada The government of Canada highly supports Uber drivers. Likewise, the working of Uber in Canada is really appreciated. The most prominent
March 7, 2022
Instaccountant
“ Accountants adding value to the strategy of business” Instaccountant is there to assist in the season of tax in Canada. As the tax season
March 2, 2022
New Accountant office in Cambridge, Ontario
Professional accounting, bookkeeping and tax filing services in Cambridge, Ontario. Instaccountant has opened an office in Cambridge, new clients are welcome!
July 1, 2021
Tax Deductions for Real Estate Agents in GTA, Canada
Toronto has a lot of real estate agents (mostly part timers, self-employed). Most of them will be confused about filing their taxes. The biggest question is, what expenses can a realtor claim as tax deductions in Canada? Here’s a list to help you out.
May 12, 2020
What is Uber trip earning for Uber driver and how it is calculated – Explained
What is Uber trip earning for drivers and how it is calculated? This is a questions most Uber drivers have, answered in simple words here.
April 14, 2020
How to file income tax return remotely 2019
We are offering remote tax filing service. We can do it in six easy steps. Call us to discuss. Send documents and information. We will prepare tax return. Sign off T183 form. Return filed with CRA.
March 21, 2020
Economic response to COVID-19 by Trudeau government for Canadian families and businesses – in simple words
Trudeau has announced an emergency economic relief package for distressed Canadian families and small businesses. This is an extra ordinary situation and the government is gearing up to support the an uncertain slowed-down economy.
March 19, 2020
Remote tax filing service as COVID19 spreads in Toronto
COVID-19 has caused Canadians to stay home. Staying home is the best strategy to avoid this Corona virus monster. Why take the risk for filing tax. If you are thinking that, you are right! When you can file tax without visiting our office, why not.
March 15, 2020
How to read Uber Tax Summary 2020 – Explained
How to read Uber driver tax summary 2019. The amounts and figures are somewhat confusing. Learn how to read and understand tax summary to know your Uber earnings or income for the year to file income tax as self-employed.
March 12, 2020