Author: Eugene Braila

22 May

Work in Progress for Professionals Self-employed professionals who are accountants, dentists, lawyers (including a Quebec notary), medical doctors, veterinarians, or chiropractors have the ability to…

22 May

Buying Capital Assets In computing income from a business, capital cost allowance (CCA), or tax depreciation, is allowed as a deduction. When capital assets are…

22 May

Tax Matters for the Incorporated and Self-employed Self-Employed Status People who are self-employed can generally take advantage of a wider range of available…

22 May

The Canada Education Savings Grant The government of Canada adds to your savings in a Registered Education Savings Plan (RESP) with the Canadian Education Savings…

22 May

Retirement Tax Credits for Those Over 65 If you were 65 years of age or older on December 31, 2015, then you might…

22 May

First-Time Home Buyers’ Tax Credit If you acquire a qualifying home, you might qualify for a home buyers’ tax credit (HBTC), which…

22 May

Medical, Donation, and Other Tax Credits Medical Expenses Don’t forget to claim your medical expenses on your tax return. You can claim a tax…

22 May

Writing off Loans Made to a Business If at the end of a year you are owed a loan amount that is no longer collectible,…

22 May

Investment Income, Gains, and Losses Attribution of Investment Income Complex attribution rules prevent spouses from simply splitting joint investment income between them to…

22 May

Child Care Expenses You might be able to deduct your child care expenses if they were incurred to enable you or a supporting person to…