Every year, many Canadians move their primary residences for a new job, start a business, or full-time post-secondary education. Relocation for many individuals can cause a lot of stress, unforeseen changes, and unexpected expenses. The Canada Revenue Agency (CRA) states that you can claim certain
Key Takeaways: Business owners can significantly reduce their tax payments by claiming deductions on their ongoing expenses Some of the most common tax write-offs include office expenses, car expenses, capital assets, and general operating expenses It’s useful to work with a professional to know what
Key Takeaways: There are many home office expenses that are tax-deductible and can be claimed to reduce your overall tax payments Home office expenses can include utility bills, mortgage, property taxes, etc. There are specific forms to fill out when filing taxes to claim these
