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Blog

WORKING FROM HOME

During the pandemic, many employers offered their employees [...]

05
Nov

Blog

VACANT HOME TAX

Toronto residential property owners, including corporations, partnerships and [...]

05
Nov

Blog

TAX FREE SAVINGS ACCOUNT (TFSA)

Many taxpayers prefer the ease of investing in [...]

05
Nov

Blog

TAX INSTALLMENTS

Tax installments are issued when a taxpayer owes [...]

05
Nov

Blog

CRA TAX DEBT

You’ve completed your tax return and you received [...]

05
Nov

Blog

T1135 & CRYPTOCURRENCY

Form 1135 is where Canadians report foreign property [...]

05
Nov

Blog

SNOWBIRDS

There are two ways that a Canadian Citizen [...]

05
Nov

Blog

SMALL BUSINESS? HERE’S WHAT YOU SHOULD KNOW ABOUT HST

HST is the combination of the Provincial Sales [...]

05
Nov

Blog

SHAREHOLDER LOANS & TAXATION

Shareholders can withdraw funds from their corporations by [...]

05
Nov

Blog

SECTION 85 ROLLOVER

The Section 85 Rollover is a technique that [...]

05
Nov

Blog

SECTION 85 ROLLOVER – SOLE PROPRIETOR TO CORPORATION

Many business that operates as a sole proprietor/self [...]

05
Nov

Blog

RENTAL INCOME & TAX – PRINCIPAL RESIDENCE

Principal Residence When you dispose of a property [...]

05
Nov

Blog

REAL ESTATE ASSIGNMENTS

The simple definition of a real estate assignment [...]

05
Nov

Blog

Non-Resident Real Estate Tax – Section 216

Withholding Tax – Non-Resident When we talk about [...]

05
Nov

Blog

NON-PROFIT ORGANIZATION & TAX OBLIGATIONS

In order to qualify as a non-profit organization, [...]

05
Nov

Blog

NEW HOUSING REBATES

The CRA provides rebates to taxpayers who build, [...]

05
Nov

Blog

LUXURY TAX

Effective September 1, 2022, Canada has implemented a [...]

05
Nov

Blog

ITCS & SUPPORTING DOCUMENTS

We know that Input Tax Credits (ITCs) are [...]

05
Nov

Blog

ITCs – Simplified Reporting

Many businesses who use regular GST/HST reporting can [...]

05
Nov

Blog

INPUT TAX CREDITS – GST/HST

When a taxpayer is self-employed or has a [...]

05
Nov

Blog

INFLUENCERS & THE CRA

In December of 2022, the CRA’s auditors confirmed [...]

05
Nov

Blog

GST-HST – Corporations & Directors Liability

The director of a corporation can be held [...]

05
Nov

Blog

GST/HST – COMMERCIAL RIDES

As of July 2017, all Lyft, Uber and [...]

05
Nov

Blog

GST/HST – AIRBNB

If you are operating an Airbnb, chances are [...]

05
Nov

Blog

EXECUTORS & THEIR ROLL

Many taxpayers specify in their will the amount [...]

05
Nov

Blog

Digital Goods & Services – Tax Implications

A lot of non-resident vendors try to not [...]

05
Nov

Blog

Cryptocurrency

If you own any type of cryptocurrency, then [...]

05
Nov

Blog

COTTAGES & CAPITAL GAINS

Nothing says escape like going to your cottage [...]

05
Nov

Blog

CLEARANCE CERTIFICATES & TAXES

A Clearance Certificate is issued by the CRA [...]

05
Nov

Blog

TAX AUDITING – BUSINESS

For a business to fulfill its tax obligation, [...]

05
Nov

Blog

ALLOWABLE BUSINESS INVESTMENT LOSS (ABIL)

An ABIL is a capital loss with one [...]

05
Nov

Article Blog

The Trusted Partner for Tax Solutions in Canada and the United States

Income Tax in Canada or the United States [...]

08
Feb

Article Blog

UNDERUSED HOUSING TAX & TRAPS THAT COULD RESULT IN HUGE PENALTIES

If you own residential property, you should be [...]

03
Feb

Blog

ZERO RATED AND EXEMPT SUPPLIES FOR GST/HST

Current GST/HST procedures are difficult to understand and [...]

28
Dec

Blog

TAXPAYERS’ OMBUDSMAN AND THE TAXPAYER BILL OF RIGHTS

In Canada, taxpayers have legal rights listed in [...]

28
Dec

Blog

TAXATION AND BUSINESS START-UP IN CANADA

Most entrepreneurs don’t have an in-depth understanding of [...]

28
Dec

Blog

TAX IMPLICATIONS OF FLIPPING A HOUSE OR CONDO

The Canada Revenue Agency, or CRA, is clamping [...]

28
Dec

Blog

SHOULD CANADIAN CRYPTO AND NFTS TRADERS FILE A T1135 FORM?

There are 5 basic foreign-reporting rules in Canada’s [...]

28
Dec

Blog

IS YOUR CRYPTO CANADIAN OR FOREIGN? AND WHY IT MATTERS?

A cryptocurrency asset is intangible and digital and [...]

28
Dec

Blog

HOW CRYPTOCURRENCY IS TAXED UPON DEATH IN CANADA

Bitcoin, Ethereum, Polygon, Avalanche, and Fantom are just [...]

28
Dec

Blog

HOW ARE GIFTS TAXED IN CANADA?

If a receipt constitutes income, it’s taxable. However, [...]

28
Dec

Blog

HOME BUYERS PLAN

Saving up for a down payment can seem [...]

28
Dec

Blog

ESTATE ADMINISTRATION BASICS

FIRST THINGS FIRST When a loved one dies, [...]

28
Dec

Blog

CRYPTOCURRENCY YIELD FARMING OR LIQUIDITY MINING AND CANADIAN INCOME TAX LAWS

Depositing money into a bank means lending that [...]

28
Dec

Blog

CRYPTOCURRENCY TRADING AND CANADIAN INCOME TAX

Cryptocurrencies like Ethereum, Polygon, Fantom, Avalanche, and Bitcoin, [...]

28
Dec

Blog

COTTAGE TAXATION AND PRINCIPAL RESIDENCE EXEMPTION

Since the Covid-19 pandemic prevented many Canadians from [...]

28
Dec

Blog

CONSISTENT FAILING TO FILE INCOME TAX RETURNS

Falling behind on filing income tax returns and [...]

28
Dec

Blog

CANADIAN CRYPTOCURRENCY TAX TRAP FOR NON-ARM’S-LENGTH CRYPTO TRANSACTIONS

Section 160 of the Income Tax Act in [...]

28
Dec

Blog

CANADA REVENUE AGENCY’S NET WORTH AUDIT AND ASSESSMENT

Income tax audits can be daunting and costly [...]

28
Dec

Blog

CANADA REVENUE AGENCY (CRA) GST/HST COLLECTION CAPS

The Excise Tax Act offers the Canada Revenue [...]

28
Dec

Blog

SECTION 85 ROLLOVER EXPLAINED

Section 85 rollover allows a Canadian taxpayer to [...]

28
Dec
Taxpartner News

Blog

Tax Solutions

Tax Problem Solutions More often than not, complex [...]

22
Jun
Taxpartner news

Blog

Tax Problems

Are You Facing One of The Following Tax [...]

22
Jun
shutterstock_216955000

Blog

Tax Representation-UPDATE

Professional tax representation is the best tool to [...]

22
Jun
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Industries
  • Architecture and Engineering Tax Consultant
  • Asset Management
  • Automative Consultants
  • Biotech Claims Experts
  • Broker-Dealers and Future Commission Merchants
  • Business Services
  • Cannabis Tax Canada
  • Cryptocurrency Accounting & Tax Services
  • Construction
  • Ecommerce Tax
  • Gaming Tax Accountants
  • Family Office Services
  • Food Tax and Beverage Tax
  • Franchising
  • Healthcare
  • Industrial Equipment
  • Law Firms Tax
  • Manufacturing and Distribution
  • Metal Industry Tax
  • Not For Profit Tax Return
  • Plastic Tax Canada
  • Private Equity and Venture Capital
  • Real Estate
  • Retail and Consumer Products
  • Senior Care Advice and Living Centers
  • Specialty Finance
  • Technology tax Consultant
  • Transportation Tax and Logistics Tax
    • Tax in Canada
    • Tax in the US
    • Global Tax Services
    • Knowledge
      • Tax Partner +
          • Moodys Tax
      • US Citizenship Renunciation
          • Renunciation_200312_FINAL
      • Making Life Less Taxing
          • making-life-less-taxing-book
      • US Real Estate
          • Estate_200312_FINAL
      • Tax Tables
          • MDYS_Resources_MM_TT-Canada_200312_FINAL
          • MDYS_Resources_MM_TT-US_200312_FINAL
      • Flowcharts
          • tax-flowcharts-desktop
      • Podcast
          • MDYS_Website_Desktop-MM_TaxBreaks_200207_FINAL
      • App & External Tax Resources
          • MDYS_Resources_MM_Moodys-App_200312_FINAL
          • MDYS_Resources_MM_External-Links_200312_FINAL
    • About Us Company info
    • SERVICES Services Info
      • Canadian Accounting & Tax Services
      • US Accounting & Tax Services
      • Global Accounting & Tax Services
      • Cryptocurrency Accounting & Tax Services
    • Industries Industries we serve
        • Architecture and Engineering Tax Consultant
        • Asset Management
        • Automative Consultants
        • Biotech Claims Experts
        • Broker-Dealers and Future Commission Merchants
        • Business Services
        • Cannabis Tax Canada
        • Cryptocurrency/Blockchain
        • Construction
        • Ecommerce Tax
        • Gaming Tax Accountants
        • Family Office Services
        • Food Tax and Beverage Tax
        • Franchising
        • Healthcare
        • Industrial Equipment
        • Law Firms Tax
        • Manufacturing and Distribution
        • Metal Industry Tax
        • Not For Profit Tax Return
        • Plastic Tax Canada
        • Private Equity and Venture Capital
        • Real Estate
        • Retail and Consumer Products
        • Senior Care Advice and Living Centers
        • Specialty Finance
        • Technology Tax Consultant
        • Transportation Tax and Logistics Tax
    • Resources Thought leadership
      • Articles
      • Blog
      • Checklist
      • Newsletters
      • Pay Invoice
      • Tools
      • Links
      • US Taxes FAQs
        • Americans in Canada
        • Americans in the UK
        • Americans In Australia
        • Common Questions
        • Important Deadline Dates
    • Contact us Information