Canada News Centre

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Capital or Expense

Everyone in business, or with a rental property, is faced at some point with the decision as to whether an expense is capital or current in nature – in other words, whether the cost should be capitalized or expensed. There are general guidelines that can…

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GST/HST Credit – File a Tax Return

Every person age 18 or older should file a tax return to establish their eligibility for the GST/HST credit, which is a non-taxable quarterly payment. A single person with net income of up to $44,000 is eligible for the credit. Thresholds and credit amounts increase…