Tax credits in USA

Taxing of Cryptocurrency

Digital Currency are Taxable Commodity? Despite its name, crypto currencies status as a "currency" remains very much in question. In 2013, the Canada Revenue Agency...
Tax credits in USA

Regulation of Cryptocurrency

Canada allows the use of digital currencies, including cryptocurrencies. However, cryptocurrencies are not considered legal tender in Canada. Canada’s tax laws and rules, including...
Tax credits in USA

Impact Of Bitcoin On Tax

Bitcoin is a relatively new e-currency payment system that is not operated by a centralized government authority like most other currencies. Popular for online...
Tax credits in USA

Canada and Cryptocurrency

Cryptocurrency is taxed like any other investment in Canada. 50% of the gains are taxable and added to your income for that year. Let’s...
Tax credits in USA

Impact of Bitcoin on Tax

Bitcoin is a relatively new e-currency payment system that is not operated by a centralized government authority like most other currencies. Popular for online...
Tax credits in USA

Bitcoin Tax

Bitcoin Tax - The lack of official information on cryptocurrency and bitcoin taxation is not making Canadian taxpayers’ lives easier. The Canada Revenue Agency...
Tax credits in USA

Deductions in Canadian Taxation

Deductions in Canadian Taxation   Registered Retirement Savings Plan (RRSP);   Contributions to RRSPs are deductible from total income, reducing income tax payable for the year...
Tax credits in USA

Rental and Business Income

Rental and Business Income Rental and Business Incomes won’t require the T-slips given by recognized authorities to attach it to the returns as they are...
Tax credits in USA

Tax Payables, Canadian Taxation

TAX PAYABLE The following are the steps involved in calculation of the tax and the taxable income Step 1> Total Income (Line 150) ; This is the...
Tax credits in USA

Refundable Tax Credits, Benefits & T1 Adjustments

Refundable Tax Credits A list of provincial tax credits and benefits available to single people and families in Ontario, including single parent families, seniors and...