How to file Canadian income tax
They can be small, but they add up
Does hiring family make sense? It depends on their skills and how it might affect family dynamics. But it can be smart from a financial perspective.
Ask your business-owning clients whether they cloud compute—it could have implications for their tax returns, says EY in a report.
Being an executor isn’t easy. That goes double for executors in charge of an estate with significant U.S. assets, or a fully U.S. domiciled estate. It’s complicated. And what executors don’t know about U.S. reporting regulations and tax laws can hurt them.
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CIBC Asset Management Inc. will make reporting information available that will help U.S. tax filers who own Canadian mutual funds receive more favourable U.S. tax treatment.
Here are some helpful tips to share with clients all year long.
You’ll have the opportunity to save your clients some extra cash this year, now that the new tax credits, rules and refunds announced in last year’s budget have hit the books.
Why read this? › Your client operates a business › Your client is a contractor or freelancer › Your client is self-employed Rules Your client can deduct GST or HST incurred on business expenses, less the amount of any GST or HST tax already claimed under the input tax credit. The input tax credit allows […]