Canada’s payroll deductions and employer obligations — source deductions, employer contributions, the remittance schedule, T4 reporting, and the penalties for non-compliance.
Accounting · Topic
Canada tax guides: federal & provincial income tax, GST/HST, corporate tax, and compliance.
Canada’s payroll deductions and employer obligations — source deductions, employer contributions, the remittance schedule, T4 reporting, and the penalties for non-compliance.
Canada’s Employment Insurance explained — the 2025 premium rate and maximum, the benefits, the employer contribution, Quebec’s lower rate, and the self-employed opt-in.
Canada’s CPP and CPP2 contributions for 2025 — the rates and ceilings, the new second tier, self-employed rates, and how contributions build your retirement pension.
Canada’s dividend taxation and asset location — the gross-up and dividend tax credit, eligible vs non-eligible dividends, foreign dividends, and optimizing account placement.
Canada’s capital gains and investment income tax — the 50% inclusion rate, interest taxation, capital losses, the lifetime capital gains exemption, and tax-efficient investing.
Canada’s FHSA explained — the deductible-and-tax-free first home savings account, the limits, carry-forward, combining with the Home Buyers’ Plan, and time limits.
Canada’s TFSA explained — tax-free growth and withdrawals, the 2025 limit and cumulative room, how room is restored, TFSA vs RRSP, and why it’s so valuable.
Canada’s RRSP explained — how contributions reduce tax, the 2025 limit, tax-deferred growth, taxable withdrawals, the Home Buyers’ Plan, and conversion to a RRIF at 71.
Canada’s tax residency rules — residency vs citizenship, residential ties, deemed residency, worldwide vs Canadian-source income, and the rules for newcomers and emigrants.
How to file your Canadian tax return — the T1 General, the deadlines, filing methods (NETFILE), what income to report, and understanding your Notice of Assessment.
Canada’s tax credits and deductions — the difference between them, key deductions like RRSP and childcare, non-refundable and refundable credits, and how to combine them.
Canada’s provincial and territorial income tax — how it stacks on federal tax, the variation in combined rates, Quebec’s separate system, and how residence is determined.