capital gain reserve
Capital Gain Reserve
Capital Gain Reserve Carry Forward If you have a capital gain, there may be an option to defer or reduce the capital gain tax. In some instances, all of the…
Private Health Services Plan Premiums Deductibility
Deducting Private Health Insurance Payments Under ITA S20.01, you can deduct premiums paid to a private health services plan (PHSP) from self-employment income if you meet the following conditions; …
US Tax Consequences For Canadians – Snowbirds
There could be some tax consequences for Canadians who travel US frequently. Read the attached article published by CGA association to explain how IRS calculates the days present in US…
Salary or Dividend – Which One Is Better?
When tax planning for your next tax return, you may want to keep in mind whether to earn income through salary or dividends. The owner or manager must determine the…
Are You an Employee or a Subcontractor?
This is an important question to be aware of, especially for small businesses. Most people may think there are not many differences between the two; however, how things are carried…