Canada News Centre

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Deductions for Employee Tools

Employed tradespersons and employed apprentice mechanics can deduct a maximum of $500 when they are required to purchase their own tools as a condition of their employment. Click below to read more: Deductions for Employee Tools Source: Tax Tips

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2017 and 2018 Canadian Tax Calculator

The Detailed Canadian Income Tax and RRSP Savings Calculator has been updated for all provincial budgets EXCEPT for the tax changes from the Ontario 2018 Budget, since no bill has yet been tabled for the budget, and an Ontario provincial election will be held early…

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BC Speculation and Vacancy Tax

Make sure you file a declaration if you’re in one of the designated areas, otherwise you’ll be billed for this tax even if you shouldn’t be paying it. If you don’t receive a notice but are in a designated area, call the BC government! This…

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Alberta 2020 Personal Tax Rates

The table of personal tax rates for Alberta has been revised to reflect the pausing of the indexation of the personal tax system effective for the 2020 tax year. Click below to read more: Alberta 2020 Personal Tax Rates Source: Tax Tips