Starting in February, professional tax specialists can now send payments to CRA on behalf of their clients as well. That will also save time for the taxpayer: no need to go to the financial institution to make that transaction. These pre-authorized debits will require that Part F of the form T183 …
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Coach Houses and the Principal Residence Exemption
In communities where rental accommodation is scarce, more and more homeowners are building a second dwelling on their lot and renting out that "coach house" or "carriage house". Many have not thought about the tax consequences, though, and they could be complicated. The key question: will your tax …
Managing the final tax returns for someone who has died
The Canada Revenue Agency (CRA) recognizes that coping with the death of a loved one is difficult. There are many things to keep in mind when you are managing the tax affairs of a deceased person. In general, the final individual income tax return of a deceased person is prepared and filed in the …
