Canada News Centre

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BC PST Small Sellers

In April 2019 the BC Provincial Sales Tax Act definition of small seller was modified to include a provision that the seller must not knowingly have sold goods at a sale other than retail in the previous 12 months. Click below to read…

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Reinvested Distributions on the T3

It’s been reported to us that Qtrade is showing reinvested capital gains distributions on the T3 not only in box 21, but also as a negative amount in box 42. This is technically correct, but may be confusing, as you won’t be able to enter…

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Resources for Persons With Disabilities

Deductions, refundable and non-refundable tax credits, attendant care expenses. Some tax credits can be transferred between spouses. Registered Disability Savings Plans (RDSPs), government benefits, and unlocking locked-in pension plans. Click below to read more: Resources for Persons With Disabilities Source: Tax Tips

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Which is Better – TFSA or RRSP?

Whether the TFSA or the RRSP would be a better choice for you depends on your income and your financial situation. This article points out the advantages and disadvantages of each of these registered accounts, and when one might be better for you than the…