Running a business is a thrilling rollercoaster. You’re constantly making decisions, strategizing for growth, and keeping a watchful eye on the competition. But amidst the excitement lurks a silent monster – financial uncertainty. Numbers, taxes, and...
Canadians are fortunate to benefit from a robust universal healthcare system. However, certain medical and dental expenses not covered by provincial plans can qualify for tax deductions, potentially reducing your tax burden. This article delves into the intricacies of...
The 2024 Canadian federal budget, delivered in April, focused on economic recovery and long-term growth. While overall tax rates remained unchanged, several key measures aimed to incentivize investment, support entrepreneurs, and address affordability concerns....
As the calendar flips towards spring, tax season looms large for Canadians. Knowing the deadlines for filing your return can help you avoid unnecessary stress and potential penalties. This article delves into the key dates associated with filing your 2023 tax return...
A November 8, 2023 Tax Court of Canada case considered whether a taxpayer’s losses from farming activities deductible against non-farming income were restricted to the $17,500 ($2,500 plus half of the next $30,000) permitted by the restricted farm loss rules for the...
