Useful articles

Tax Rates in Canada
Detailed Guide to Tax Rates in Canada 2024

Canada’s tax landscape varies significantly across provinces and territories, with different rates for Goods and Services Tax (GST), Provincial Sales Tax (PST), and Harmonized Sales Tax (HST). Understanding these differences is crucial for residents, businesses, and investors. This guide provides an in-depth look at the various tax rates applicable in Canada, covering GST, PST, HST,…

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Rental Income in Alberta
Understanding Rental Income in Alberta: Everything You Need to Know

Owning rental property in Alberta can be a lucrative venture, offering steady passive income and long-term appreciation. However, understanding the tax implications, deductions, and responsibilities is crucial for maximizing profits. This comprehensive guide will cover what rental income is, how it’s taxed, the benefits and risks of renting out your property, and tips for staying…

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Tuition Tax Credits Canada
What Happens to Unused Tuition Tax Credits in Canada?

Tuition tax credits are a great benefit for students in Canada, helping to reduce the amount of taxes owed. But what happens if you have more credits than you need in a given year? And what happened to the unused tuition taxes? This guide will walk you through everything you need to know about unused…

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Self Employed Taxation Edmonton
Navigating Taxation for Self-Employed Individuals in Edmonton

Being self-employed offers many benefits, such as the freedom to be your own boss, set your own hours, and pursue your passion. However, it also comes with unique challenges, particularly when it comes to taxes. As a self-employed individual in Edmonton, understanding how to manage your taxes effectively can save you a significant amount of…

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