by Ghuman & Associates | May 28, 2024 | Canadian Tax
Starting with the 2023 tax year, the B.C. government has introduced a renter’s tax credit aimed at supporting low- and moderate-income renters. This credit, administered by the Canada Revenue Agency (CRA), provides significant relief for eligible renters....
by Ghuman & Associates | Apr 30, 2024 | Canadian Tax
A frequently asked question from clients is, “How do I make a payment to the CRA?” The Canada Revenue Agency (CRA) offers multiple payment methods, allowing you to select the one that best fits your needs. In the past, taxpayers would use remittance forms provided by...
by Ghuman & Associates | Apr 6, 2024 | Canadian Tax
Are you tired of seeing a chunk of your hard-earned money disappear every tax season? Well, fear not, because Joe is here with the ultimate guide to help you keep more money in your pocket. In this article, we’ll delve into practical tips and strategies tailored...
by Ghuman & Associates | Mar 6, 2024 | Canadian Tax
This article summarizes key tax changes coming to Canada in 2024, highlighting important information for individuals looking to optimize their tax situation. Shocking Changes: Short-Term Rental Restrictions: Major restrictions are being placed on short-term rentals...
by Ghuman & Associates | Feb 24, 2024 | Canadian Tax
Understanding Dividend Taxation in Canada In Canada, all sources of income must be disclosed in your tax returns, whether from your salary, business/side hustle, investments, or property sale. Each of these incomes is taxed differently. When it comes to stock market...
by Ghuman & Associates | Feb 6, 2024 | Canadian Tax
Leaving Canada as a tax resident isn’t as simple as packing your bags and relocating. For those with multiple assets and investments, the tax implications can be complex and daunting. In a recent presentation to Real Estate Investors, the focus was on...
