tax planning
tax planning

Eligible and Non-eligible Dividends

Eligible dividends An eligible dividend is any taxable dividend paid to a resident of Canada by a Canadian corporation that is designated by that corporation to be an eligible dividend.…

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Employment Expenses

If your employer requires you to pay expenses to earn employment income, under certain conditions, you may be eligible to deduct employment expenses. Allowable employment expenses will be reported on…

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BC Employer Health Tax

What is BC employer health tax? The employer health tax is an annual tax on certain business in B.C. remuneration paid to employees and former employees in a calendar year…

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Tutoring Services Eligible for Medical Expenses

Tutoring services Income Tax Act Section 118.2(2)(l.91) provides that eligible medical expenses may include amounts paid as remuneration for tutoring services provided to a patient where the following conditions are satisfied:…

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Automobile taxable benefit
Tax planning strategies are available to minimize taxes from automobile taxable benefit and auto allowance

Automobile Taxable Benefit

Per-kilometre allowance rates that CRA does not consider reasonable If you pay your employee an allowance based on a per-kilometre rate that we do not consider reasonable because it is either…

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