Category: Tax Tips

You can deduct eligible moving expenses from employment or self-employment income you earn at your new location if you move and establish a new home to be employed or carry on a business. You can also deduct moving expenses if you move to study courses as a full-time student at a college, university, or other […]

What to do when someone has died Coping with the death of a loved one is difficult. CRA recognize that you are going through a very difficult time. With this in mind, CRA hopes that the following information will help you by answering some questions you may have. On the final return, report all of […]

Under proposed changes, you may be eligible to claim as a deduction the excess EPSP amount contributed on your behalf to an EPSP. For more information, and to calculate your deduction, complete Form RC359, Tax on Excess Employees Profit‑Sharing Plan Amounts. Complete Form T777, Statement of Employment Expenses, to give us details of your deductions […]

A Registered Education Savings Plan (RESP) is a special savings account that can help you, your family or friends start saving now for your child’s education after high school. RESPs are registered by the Government of Canada so savings for education can grow tax-free until the person named in the RESP enrolls in studies after […]