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Articles & Publications
Strategies to consider when buying a second property
Strategies to consider when buying a second property. There are three common types of second properties people are looking at when they wish to buy a second property: cottages, income properties and U.S. real estate. COTTAGE PROPERTIES If you've been looking to buy a...
Incorporating your Business in Canada
Tax Advantages of Incorporating your Business in Canada Incorporating your business may lead to lower taxes depending on your particular situation and the province in which you operate. Incorporating can save you money once the business generates more income than you...
How much is child benefit in Canada per month?
How much is child benefit in Canada per month? For each child: under six years of age: $6,833 per year ($569.41 per month) 6 to 17 years of age: $5,765 per year ($480.41 per month). Will child benefit increase in 2021? On July 20, the Minister of Families, Children...
Is Cryptocurrency Taxable in Canada?
Is cryptocurrency taxable in Canada? According to CRA, possessing or holding a cryptocurrency is not taxable. However, selling, making a gift, trading or exchanging a cryptocurrency, including disposing of one to get another, or converting cryptocurrency to a...
Have Unfiled Tax Returns For Years?
Do You Have Unfiled Tax Returns For Years? As for the record, the CRA wants you to file and pay your taxes on time every year. When you cannot do so, you may put yourself at risk of high penalty amounts and collection tasks like bank levies or wage garnishments. We at...