Independent Contractor vs Employee: Understanding the CRA's Recharacterization
In Canada, the distinction between an independent contractor and an employee holds significant tax i...
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Graduated Rate Estates: Maximizing Tax Efficiency for Testamentary Trusts and Estates
A testamentary trust is created upon an individual's death to manage the distribution of assets to b...
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Employer Reimbursements for Home Office Equipment
Employers can reimburse employees up to $500 for home office equipment, including items such as desk...
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Employee Legal Expenses Deduction – Current Tax Guidance
Canadian employees are generally limited in the types of expenses they can deduct to reduce their ta...
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Home Buyer’s Plan: Unlocking Your Path to Homeownership
The Home Buyer’s Plan (HBP) is an initiative by the Canadian government aimed at helping first-time...
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Real Estate Assignments: Comprehensive Tax Guidance
In the Canadian real estate market, assignments are a popular form of transaction. An assignment ref...
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December 28, 2024