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,…

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

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…

Employee Stock Option Benefits It is increasingly common for employers, both private companies and public companies, to grant to their employees an option to acquire…

Reducing Payroll Deductions If you are making RRSP contributions, you might be able to reduce the income tax deducted from your paycheque.…

If you are required to use your passenger vehicle for business or employment purposes, you are permitted to deduct reasonable expenses for operation and…