Rental Income Tax Return
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…

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Pension Income Splitting

Pension income splitting?A taxpayer can be able to elect jointly with his/her spouse or common-law partner to split eligible pension income as long as meet all the requirements. It can…

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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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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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