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Capital Cost Allowance

Capital cost allowance (CCA) is the depreciation that is allowed to be expensed for tax purposes for fixed assets, except land. Get information on rates, half-year rule, short fiscal year and tax incentives for clean energy equipment. Click below to read more: Capital…

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RRSP Deadline Monday, March 2, 2020

March 2, 2020 is the deadline for making your RRSP contributions for the 2019 taxation year. RRSPs are one of the best tax-saving tools available to Canadians, but if you’re currently low income, TFSAs would likely be better for you. Click below to…

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Working From Home Travel Expenses

An employee who normally works from home might be able to either deduct travel expenses or receive a tax-free mileage allowance for occasional travel to their employer’s place of business. Click below to read more: Working From Home Travel Expenses Source: Tax…