Individual Tax for Canadians

Working hard should be rewarded, and the Canada Workers Benefit (CWB) recognizes that. It’s a refundable tax credit designed to give a helping hand to low-income earners and families. Whether you’re just starting out or supporting loved ones, the CWB can make a real difference in your bottom line. What is the CWB? The CWB […]

Canadians who filed their 2023 taxes are likely wondering when they’ll receive their Canada Carbon Rebate (CCR), previously known as the Climate Action Incentive (CAI) payment. This helpful guide sorts through the details and clarifies the timeline for receiving your rebate. Important Update: The Rebate Has a New Name! As of 2024, the Canadian government

Navigating the complexities of Canadian taxes can be daunting, but the CRA’s My Account for Individuals makes the process straightforward and accessible. This secure online platform empowers you to manage your taxes efficiently from anywhere, providing a range of features designed to streamline your tax management experience. Your All-in-One Tax Hub Track and File Monitor

The dynamic world of cryptocurrency continues its evolution, leaving numerous Canadians pondering how their digital assets mesh within the complex fabric of Canadian tax laws. Fear not, crypto aficionados! This guide illuminates the path through the tax implications of cryptocurrency, offering specific insights into reporting and analysis. Understanding Crypto Taxation in Canada: A Comprehensive Insight

Navigating the GST/HST Threshold with Associated Companies Abroad: How CPA Pro Service Can Help The complexities of GST/HST registration multiply when you have associated companies operating outside Canada. At CPA Pro Service, we understand the challenges this presents and can guide you towards a smooth and compliant registration process. The Challenge: Foreign Associated Companies and

The world of GST/HST registration can get complex, especially when dealing with associated companies. At CPA Pro Service, we understand the challenges small businesses face in navigating these regulations. What are Associated Companies and How Do They Impact GST/HST? The Canada Revenue Agency (CRA) has specific guidelines for determining if companies are considered “associated” for

The world of Canadian taxes can be complex, especially for small businesses. One of the most common questions we get is: “Do I need to register for GST/HST?” This blog post will break down the registration rules for small businesses in Canada, so you can determine if it applies to you What is GST/HST? GST/HST

As the tax season approaches, Canadians stand armed with two powerful financial tools: the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). However, navigating the path of choosing between them and then selecting the most fitting investments within can feel like a daunting trek through a financial jungle. Fear not, intrepid investors,

Filing taxes in Canada can be a daunting task, especially for newcomers holding closed work permits. To help navigate the 2023 individual tax filing process smoothly, here are five essential tips: Understand Your Residency Status: Resident for tax purposes: Spend 183 or more days in Canada in a calendar year? You’re considered a resident and