For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...
The legendary musician Miles Davis has a famous quote when asked about the definition of jazz music: “If you have to ask, you’ll never know…” Luckily for us, taxes don’t...
For many individual taxpayers, the only thing worse than having to meet with your tax professional to file your taxes is finding out that you paid more tax than you needed to. While...
A taxpayer has various options when it comes to filing his or her income tax returns. If you earn a modest income, do not own a house, work for someone else, or supervise plenty of...
The following items are not included in income of taxpayer for a taxation year:
Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a))
Amounts received...