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[ad_1] This form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets. Foreign investments,...
[ad_1] RESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can give you...
[ad_1] Is there a form to help with the calculations? Yes, there is a chart that can help; check it out here. However, you’ll still need...
[ad_1] At a time when Canada, just like every other country, is looking for highly skilled workers, our tax rates make it more difficult for them...
[ad_1] What factors determine employment status? The Canada Revenue Agency (CRA) uses an important distinction when evaluating a relationship between a worker and a business: the...
[ad_1] Understanding the tax impact of more affordable care Here’s the problem: your child-care expense deduction will decrease if you pay less to your child-care provider....
[ad_1] Withdrawing from an RRSP before age 70 Are you thinking you’d like to withdraw everything from your RRSP before starting your OAS or age 70?...
[ad_1] Why registering for GST/HST pays off The other excellent reason to charge GST and HST is that it pays off in dollars and cents. One...
[ad_1] What is an executor? An executor is a person named in your will who will be responsible, after you die, for making sure that your assets are...
[ad_1] 10 ways to use your tax refund How you choose to spend your tax refund will often boil down to your tax bracket and debt...
[ad_1] I am guessing you have downsized your home to move to a condo and now have money to contribute more to your registered retirement savings...
[ad_1] The simplest answer is yes: Social Security income is generally taxable at the federal level, though whether or not you have to pay taxes on...
[ad_1] Opinions expressed by Entrepreneur contributors are their own. Millions of taxpayers requested a six-month extension to file their 2022 federal income tax return. If you’re...