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.…
Rental Income Tax Issues
How to Prepare Rental Income Tax Return
Rental Income Tax Return Rental income is an income you earn from renting a property you own. Rental income is a great source of secondary income and helpful to pay…
Fitness tax credit
Tax on Income Splitting – “kiddie tax”
Income splitting is the process of shifting income within a family to take advantage of the lower tax brackets, deductions and credits available to each family member. Anti-avoidance legislation was…