Please wait, loading...
Teachers in Canada, often, have to fund their classroom supplies. In 2016, the Government of Canada introduced a new refundable tax credit, the ‘Eligible Educator School Supply Tax Credit’, that teachers could claim on their 2016 tax return and beyond. If you are an eligible educator in Canada, you can now claim this 15% refundable tax credit...
Canadian education credit rules have changed for students. For example, now even occupational courses provided by post-secondary institutions within Canada will be granted the tax credit. Also, beginning in 2017, in recognition of the need to support education in technical skills, the number of courses eligible for the tuition tax credit has been increased. However, Canadian...
Often people avoid thinking about their taxes until the tax season arrives. However, for effective tax planning and benefits, it is generally advisable to start planning your taxes as soon as the previous year’s tax filing season ends, and then follow up with a mid-year review during the third quarter of the year. Now that the...
Last year, the British Columbia province government introduced the 15% Foreign Buyers Tax to curb the rising housing prices. Following suit, on April 20, the Ontario government announced a similar 15% non-resident speculation tax to cool the hot housing market in its southern cities. Here is an overview of Ontario’s 15% non-resident speculation tax, and its...
It is normal to forget certain things, such as reporting some income especially if it is an insignificant amount. If such an error is genuine with no intention to elude taxes, the Canada Revenue Agency (CRA) may even forgive the taxpayer. However, if it is a recurrent error, any tax authority, including CRA will not...
Canadian residents & taxpayers should be aware as tax scammers are targeting the police department non-emergency phone number to swindle taxpayers. Recently, the Vancouver Police Department (VPD) announced that tax scammers have targeted their non-emergency phone number 604-717-3321. This number is used only for reporting non-emergency police situations. However, tax scammers are impersonating as the...
One’s tax responsibility, unfortunately, does not end until death. Although, it may not be easy for the family, usually, someone has to be named the legal representative of the deceased. This person has the responsibility of filing the decedent’s final tax return, as well as deal with other tax related issues of the decedent. At...
Update: Note that, this ‘advantage tax’ on investment management fees has been delayed until 2019 since the CRA wants to consider the requests/petitions submitted by various firms in the investment industry. Many Canadian individuals tend to pay the fee for their registered accounts, such as an RRSP, RRIF and TFSA, from their non-registered, non-qualified or open account. This...
Having a baby is an exciting time in a person’s life, however, the decision can be an expensive one. Fortunately, the Canadian government provides some relief when it comes to new parents. If you are already a parent or deciding to have a baby, or have a baby on the way, here are few tax-related...
In the 2017 Federal Budget, Canadian Finance Minister Bill Morneau announced changes that will affect the current infirm dependant credit, the caregiver credit and the family caregiver credit. For tax years 2017 onward, Canadian taxpayers will claim the new ‘Canada Caregiver Credit’ . The ‘Canada Caregiver Credit’ replaces the above three tax credits, targeting support...
© AG Tax LLP | All Rights Reserved | Website by Aroma Web Design Vancouver
© AG Tax LLP | All Rights Reserved | Website by AromaWebDesign.com
ABOUTAylett Grant Tax, LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.ABOUTAG Tax LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.OFFICEVancouver
12752 28th Ave, Surrey, BC, V4A 2P4OFFICEEdmonton
104–4220 98 St NW Edmonton AB, T6E 6A1