Skip to content
  • 250-386-1999
  • Contact
  • Victoria, BC Canada

SECURE DOCUMENT UPLOAD

  • Home
  • Services
  • Our Team
  • Tax Tips
  • Contact
Menu
  • Home
  • Services
  • Our Team
  • Tax Tips
  • Contact
  • Home
  • Services
  • Our Team
  • Tax Tips
  • Contact
Read more about the article Tax Filing – What you Need to Know

Tax Filing – What you Need to Know

What you need to know for the 2022 tax-filing season - Canada.ca

Continue ReadingTax Filing – What you Need to Know
Read more about the article Worksheets for Tax Purposes

Worksheets for Tax Purposes

Forms to download: Rental Income Worksheet, Business Vehicle Worksheet, Business Use of Home Worksheet, and Self Employed Income Worksheet.

Continue ReadingWorksheets for Tax Purposes
Read more about the article Reimbursement For Work Clothing: Taxable

Reimbursement For Work Clothing: Taxable

In an April 17, 2019 Technical Interpretation, CRA was asked whether clothing reimbursements paid to maintenance employees were taxable benefits. Employees were not required to wear specific uniforms and were reimbursed based on receipts, to an annual maximum. CRA referred…

Continue ReadingReimbursement For Work Clothing: Taxable
Read more about the article Anxiety, Depression & Phobias: Disability Tax Credit

Anxiety, Depression & Phobias: Disability Tax Credit

In an April 3, 2019 Tax Court of Canada case, at issue was whether the impact of an individual’s mental impairment entitled her to the disability tax credit (DTC). The taxpayer suffered from social anxiety, depression and phobias. A taxpayer…

Continue ReadingAnxiety, Depression & Phobias: Disability Tax Credit
Read more about the article Taxable Benefit: Parking Pass

Taxable Benefit: Parking Pass

In a June 10, 2019 Federal Court of Appeal case, the Court upheld the previous Tax Court decision which classified an employer-provided parking pass as a taxable benefit to an employee of an airline. However, in doing so, the Court…

Continue ReadingTaxable Benefit: Parking Pass
Read more about the article Old Age Security Deferral: Opting Out Retroactively

Old Age Security Deferral: Opting Out Retroactively

As of July 1, 2013, where receipt of Old Age Security (OAS) is delayed, the monthly pension is increased by a factor of 0.6% for each month deferred, to a maximum of 36% (60 months, commencing receipt at age 70).…

Continue ReadingOld Age Security Deferral: Opting Out Retroactively
Read more about the article Subsidized Meals: Are They a Taxable Benefit?

Subsidized Meals: Are They a Taxable Benefit?

Do you have an employee dining room or cafeteria? In a March 21, 2018 Technical Interpretation, CRA stated that they do not consider meals subsidized by the employer to be a taxable benefit provided the employee pays a reasonable charge.…

Continue ReadingSubsidized Meals: Are They a Taxable Benefit?
Read more about the article Taxpayer Relief: Financial Hardship

Taxpayer Relief: Financial Hardship

CRA may grant relief from penalties and interest in cases where the timely satisfaction of a tax obligation was not completed due to: extraordinary circumstances;actions of the CRA; orinability to pay or financial hardship. In a March 31, 2016 Federal…

Continue ReadingTaxpayer Relief: Financial Hardship
Read more about the article Did You Buy or Sell a House?

Did You Buy or Sell a House?

CRA highlights relevant tax compliance and planning information if you bought or sold a home. It included information on: claiming the principal residence exemptionclaiming the home buyers' amountusing part of your RRSP to purchase a home under the Home Buyers'…

Continue ReadingDid You Buy or Sell a House?
Read more about the article Tax on Split Income: Salary or Dividend?

Tax on Split Income: Salary or Dividend?

Dividends received by individuals from private corporations as of January 1, 2018 may be subject to taxation at top marginal tax rates (due to the new TOSI rules) if, in general, they are determined to be unreasonable. Salaries, however, are…

Continue ReadingTax on Split Income: Salary or Dividend?
  • 1
  • 2
  • Go to the next page

WORKSHEETS

  • Personal Tax ChecklistOpens in a new tab
  • Rental Income WorksheetOpens in a new tab
  • Business Use of Vehicle WorksheetOpens in a new tab
  • Business Use of Home WorksheetOpens in a new tab
  • Self Employment Income WorksheetOpens in a new tab

HELPFUL LINKS

  • CRA Remittance VouchersOpens in a new tab
  • CRA Forms and PublicationsOpens in a new tab
  • CRA Tax RatesOpens in a new tab
  • Payments to CRAOpens in a new tab
  • Speculation TaxOpens in a new tab

Recent Posts

  • Tax Filing – What you Need to Know
  • Worksheets for Tax Purposes
  • Reimbursement For Work Clothing: Taxable
  • Anxiety, Depression & Phobias: Disability Tax Credit

The articles on this site are for educational purposes only. It is impossible to include all situations, circumstances, and exceptions. A further review should be done for your situation. No organization or individual involved in either the preparation or distribution of these articles accepts any contractual, tortious, or any other form of liability for its contents. For any questions please contact us.

Contact us today for a free consultation to learn how we can help your business and enhance your future growth.

CONTACT US TODAY
© 2022 DA Levinson & Associates | Accounting, Tax, Advisory | Victoria, BC Canada | 250-386-1999