Personal Income Tax
Who has to pay tax in Canada, and on what income?
Why should I file if I don't have income or have to pay tax?
Income splitting - Make sure both spouses will have the same annual
income when they retire.
Leaving Canada
Gifts and inheritances - are they taxable?
Medical expenses - Claim them on the tax return of the spouse with
the lowest income.
Tax shelter donation arrangements, and gifts of property.
Employees
- Disability insurance - Pay your own premiums!
- EI tax slips are available online
- Employee vs self-employed independent contractor
- Employment expenses - what can be deducted?
- Multiple jobs: I worked 3 different jobs at the same time last year - why do I owe so much income tax?
- Part time work and tax deductions - I worked only 3 months this year - why did I pay so much income tax?
- Severance and retiring allowance - defer tax
- Take-home pay calculators
- Tax-free benefits
- Tax-free motor vehicle allowances
- TD1 forms: Make sure yours are up-to-date, TD1X forms for commission employees
- Employee and partner GST rebate for those who have deductible employment or partnership expenses
- Employees of foreign firms - what tax must be withheld by your employer?
Investing
- Foreign spin-offs - Tax deferral for distributions.
- Interest expense on money borrowed to purchase stocks and bonds (securities) - can I write it off?
- Investment income tax rates - Try to earn your investment income (outside of RRSPs) at the lowest tax rate possible.
- Investment losses - Make use of them.
- Tax issues re investments, and tax treatment of different types of investments
- Transfer shares to your RRSP, but not at a loss!
- Offshore investment schemes - warning from CRA
Property rental, real estate
- What expenses can be deducted from property rental income?
- Change in use - What happens if I move into my rental property, or start renting out my home?
- Real estate sales - are they taxable? What about my principal residence?