As the prices at the pump continue to increase, it’s important that you understand the tax deductions that you or your business may be entitled to claim for automobile expenses. This blog post summarizes some of the considerations for employees and self-employed or incorporated individuals. Employees As an employee, in certain situations you may be […]
The Department of Finance announced new rules in its 2018 Fall Economic Update on November 21st 2018 to temporarily allow Canadian businesses to immediately expense for tax purposes 100% of the cost of certain newly acquired machinery and equipment and certain specified clean energy equipment if acquired after November 20th 2018 and before 2028. These […]
As a post-secondary student and a Canadian taxpayer, you have four student-based tax breaks available to you.