Articles
Automobile Expense Deduction for Canadian Income Tax Purposes
January 02, 2025
In Canada, both employees and self-employed individuals may qualify to deduct certain automobile exp...
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How Severance Pay is Taxed in Canada
January 02, 2025
Severance pay is compensation provided to employees upon termination of employment. While it offers...
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Tax Deductions for Spousal Sup
January 02, 2025
If you are paying spousal support, you may be eligible to deduct the payments from your income, whil...
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Child Support: Deductions and Tax Credit Implications
January 02, 2025
When a child’s parents belong to separate households, one (or sometimes both) parent(s) often make c...
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Canadian Controlled Private Corporation (CCPC)
January 02, 2025
Many corporations in Canada qualify as Canadian Controlled Private Corporations (CCPCs), a designati...
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Tax-Free Savings Accounts (TFSAs) and Cryptocurrency: Opportunities and Risks
January 02, 2025
Tax-Free Savings Accounts (TFSAs), introduced in 2009, provide Canadians with a means to grow their...
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