Tag Archives: Tax accountant gta
Tax Tips by Accountant in Caledon
A capital loss on shares of a company listed on the former Canadian Dealing Network, now Tier 3 of the Canadian Venture Exchange (CDNX), might qualify for ABIL treatment if you can establish that the company has not elected to be … Continue reading →
Tax Tips by Accountant at Brampton
Deduction of land improvement costs (e.g., tile drainage) may be partially or completely deferred to a subsequent taxation year by Tax Accountant in Brampton. If you are a farmer using the cash method of accounting, note that when an expense is paid using a … Continue reading →
Tax Tips by Accountant at Vaughan
A severance amount paid to a spouse or common-law partner as a result of working in a family business such as farming may qualify as a retiring allowance regardless of past remuneration, provided an employer/employee relationship existed over that period … Continue reading →
Tax Tips by Accountant in GTA
The payment of accumulated sick leave credits may qualify as a retiring allowance if such payment is made in recognition of long service or in respect of the loss of an office or employment. The CRA takes the position that private … Continue reading →
Tax Tips by Tax Accountant in Brampton
Flexible employee benefit programs, which allow employees to custom design their own package of health and other benefits, are becoming ever more popular in the workplace. Care should be taken when structuring such plans, however, because taxable benefits can result. … Continue reading →
Moving Expenses you can deduct by Tax Accountant
You must first determine if you qualify to deduct moving expenses, either as an individual who is employed or self-employed or as a full-time student by Accountant Brampton. The difference in distance must be at least 40 KM closer to your … Continue reading →