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Canadian Personal Tax Information
Due dates for filing personal tax returns in Canada
Personal Income Tax Calculators, RRSP/RRIF calculators, investing calculators and more
COVID-19 Benefits - T4A Tax Slip Errors
- current and prior years tax brackets and combined federal/provincial marginal tax rates for eligible and non-eligible Canadian dividends, capital gains and other income.
Filing Your Return
- includes detailed information about income, deductions, and many tax credits
Life in the Tax Lane 2023
- 10 minute rapid-fire discussion videos from the Video Tax News Team, for Canadian Tax and Financial Professionals.
Life in the Tax Lane videos from previous years:
2015 & 2016 Life in the Tax Lane
- of taxes payable for all provinces/territories for employment income and investment income (dividends vs interest)
Payroll Taxes - CPP and EI
Non-Refundable Personal Tax Credits
Dividend Tax Credits - for both eligible and non-eligible dividends
USTaxTips.net - US tax information
US Citizens Residing in Canada
- see US Citizens Outside the United States on USTaxTips.net for information on filing requirements for US citizens residing in Canada, including Foreign Account Tax Compliance Act (FATCA) requirements, and Offshore Voluntary Disclosure Program (OVDP). The OVDP is closing, and the deadline for submissions is September 28, 2018.
RRSPs, TFSAs and other government-assisted registered savings plans
Dealing with Canada Revenue Agency
Classification of Land as a Farm in British Columbia
Personal Income Tax Articles
How is income tax calculated in Canada?
Who has to pay tax in Canada, and on what income?
Barter and BitCoin / cryptocurrency transactions can result in taxable income and deductible expenses.
Selling goods on eBay may result in taxable income.
Why should I file if I don't have income or have to pay tax?
Income splitting- Make sure both spouses will have the same annual income when they retire.
Gifts and inheritances - are they taxable?
Medical expenses - Claim them on the tax return of the spouse with the lowest income (usually).
Shareholder loans and their tax implications
Tax shelter donation arrangements, and gifts of property.
US estate tax may be payable by Canadian residents.
US taxes withheld from gambling or lottery winnings of Canadian residents.
Students - Scholarships and awards, tax credits, moving expenses, private school, etc.
Free taxation videos, seminars and other events
Taxpayer Rights / Taxpayers' Ombudsperson
Employee Tax Topics
Disability insurance - Pay your own premiums! Also if you're self-employed!
EI tax slips are available online
Employee vs self-employed independent contractor
Employment expenses - what can be deducted? - Includes working from home expenses.
Multiple jobs: I worked 3 different jobs at the same time last year - why do I owe so much income tax?
Part time work and tax deductions - I worked only 3 months this year - why did I pay so much income tax?
Severance and retiring allowance - defer tax
TD1 forms: Make sure yours are up-to-date, TD1X forms for commission employees
Employee and partner GST/HST rebate for those who have deductible employment or partnership expenses
Employees of foreign firms - what tax must be withheld by your employer?
Non-resident workers in Canada - employees, service providers, actors
Retention of books and records by an individual (including tax returns)
T4 slips - when are they required?
Employees - Taxable Benefits and Tax-Free Benefits
Employee Loans and Loan Subsidies may result in a taxable benefit to the employee
Employee Parking - new/updated CRA administrative policies announced in late 2022
Employer Provided Social Events - Taxable Benefit To Employees (sometimes) - new/updated CRA administrative policies announced in late 2022
Gifts From an Employer May Be a Taxable Benefit - new/updated CRA administrative policies announced in late 2022
Tax-free motor vehicle allowances
Tax-free, Reduced Tax, and Taxable Employee Benefits
Investing Tax Topics
Attribution Rules re Gifts, Transfers, or Loans to a Spouse or a Related Minor Child
Foreign spin-offs - Tax deferral for distributions.
Interest expense on money borrowed to purchase stocks and bonds (securities) - can I write it off?
Interest expense paid to a non-resident
Investment losses - Make use of them.
Superficial losses and other disallowed losses
Tax issues re investments, and tax treatment of different types of investments
Tax rates on investment income - Try to earn your investment income (outside of RRSPs) at the lowest tax rate possible.
Transfer capital losses to a spouse
Transfer shares to your RRSP, but not at a loss!
Offshore investment schemes - warning from CRA
Property Rental, Real Estate
What expenses can be deducted from property rental income?
Change in use - What happens if I move into my rental property, or start renting out my home?
Real estate sales - are they taxable? What about my principal residence?
Tax implications of owning a cottage or second home
Can I write off interest expense on money borrowed to purchase real estate?
Interest expense paid to a non-resident
Revised: May 14, 2023
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