Understand how job perks, like gym reimbursements and free lunch, are taxable benefits and how they can affect your bottom line. Learn how to evaluate job offers more effectively.

Learn how to strategically reduce corporate tax through accrued salary deductions, even if you haven't paid any salary during the year.

Unravel the intriguing relationship between interest deductions and capital gains. Discover how tax savings can be achieved even when your gain equals your interest expense.

Explore the intricacies of liability protection in incorporated businesses. Learn about exceptions to limited liability and how they might affect you as a business owner.

Understanding the tax implications of realtor kickbacks when purchasing a rental or investment property in Canada. Learn how such kickbacks are considered taxable income, the implications for realtors and lenders, and how the rules change when buying a personal residence.

Learn how personal taxes work in Canada and explore strategies for saving tax. Based on our Twitter series, this blog provides a detailed breakdown of the personal tax calculation framework and how to use it to your advantage.

As the CRA inquiries into Shopify's tax records, Tax Heroes offers expert insights into the situation and potential impacts on merchants. Follow us for timely tax advice, and contact us if you need support navigating this complex issue.

Learn about the key dates and deadlines for filing income taxes in Canada, including personal income tax, self-employed individuals, deceased individuals, and corporations. Contact Tax Heroes for expert assistance with your tax filing needs.

Discover the various deductions, credits, and tax-saving strategies you can claim on your 2022 taxes in Canada. Our comprehensive guide helps you navigate the process and maximize your tax refund.

Discover how to buy Bitcoin in Canada with Coinsquare, a reliable and user-friendly platform for cryptocurrency trading. Learn the steps to start your crypto journey and maximize your tax savings with Tax Heroes.

Explore the tax implications and responsibilities associated with inheriting property in Canada. Learn how to navigate taxes on inherited property and make informed decisions to ensure compliance with tax laws.

Discover the significance of the end of the tax year and the essential actions you must take before the deadline. Learn how to ensure compliance with tax laws, minimize your tax liability, and optimize your financial situation.

Learn how to accurately calculate the adjusted cost base (ACB) for your investments in Canada with our comprehensive guide. Understand the importance of ACB in determining capital gains or losses and ensure you stay compliant with tax laws.

Get a clear understanding of full cycle accounting with our in-depth article, covering the complete accounting process. Learn about the components of full cycle accounting, its importance, and how it benefits businesses in financial reporting, compliance, and decision-making.

Understand your tax obligations as a landlord with our informative article on reporting rental income. Learn why it is essential to report rental income, the expenses you can deduct, and the implications of not reporting rental income to ensure compliance with tax laws.

Explore the concept of deemed non-resident status in Canada with our informative article. Learn what a deemed non-resident is, the circumstances that may lead to this status, and the tax implications associated with it, to ensure compliance with Canadian tax laws.

Discover the nuances of collecting Employment Insurance (EI) benefits after retirement in Ontario with our insightful article. Learn about the eligibility criteria for EI benefits, how retirement may impact your eligibility, and explore alternative income options for retirees.

Explore the basics of the T1 tax return in Canada with our informative article. Learn what a T1 tax return is, who needs to file one, and the essential components of the form to help you confidently navigate your tax-filing journey in Canada.

Discover the concept of Undepreciated Capital Cost (UCC) in tax and its impact on capital cost allowance claims. Learn how to calculate UCC and why it is essential for businesses to understand and track UCC for tax planning and compliance.

Are you wondering, "Do I have to issue a T4A to a contractor?" In this blog post, we explore the requirements surrounding T4A slips, when to issue them, and the necessary steps involved.