personal taxes Archives - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

CRA Tax Credit

Medical Expenses – Tutoring Services

January 13, 2017
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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:

the tutoring is supplementary to […]

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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. A corporation’s capacity to pay eligible dividends depends mostly on its status. In simple terms […]

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Rental Income Tax Return

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 extra bills. However, under the Income Tax Act rental income is taxable must be included on […]

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Automobile taxable benefit

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 too high or too low, it is a taxable benefit and […]

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