This blog post provides a simple guide on how to add tax to a price, using Canada's sales tax system as an example.

This blog post explains what tax evasion is, the difference between tax evasion and tax avoidance, and the severe consequences of engaging in such illegal activities.

In this blog post, discover where to mail your Canadian tax return based on your province or territory of residence. Also, learn about the benefits of e-filing for faster processing times.

Explore ways to withdraw from your Registered Retirement Savings Plan (RRSP) without incurring tax under certain programs in Canada. Learn about the Home Buyers' Plan and Lifelong Learning Plan and their requirements.

Get to know how much land transfer tax you might have to pay when purchasing property in Ontario and understand the progressive rates and possible rebates for first-time homebuyers.

Unravel the mystery behind Line 15000 on your Canadian tax return and understand its significance in your tax calculation.

Explore who is eligible for the Disability Tax Credit in Canada and how it can provide financial relief to individuals with severe and prolonged impairments.

Find out when the carbon tax rebate (Climate Action Incentive) is paid in Alberta and learn how it can offset the costs associated with the federal carbon tax.

Gain insights into the intricacies of your Canadian tax return. In this blog post, we decode what Line 10100 means and its relevance to your income tax calculation.

Understanding how much tax is deducted from your paycheck is crucial for financial planning. In Canada, this involves federal and provincial income tax, as well as contributions to Canada Pension Plan and Employment Insurance.

Unveiling the complexities of Ontario's tax system, this blog post explores various types of taxes, including income tax, corporate tax, sales tax, and property tax. Learn how much tax you might owe as a resident or business in Ontario and understand the financial implications better.

Discover how to file GST/HST returns in Canada with our comprehensive guide, outlining the steps required to fulfill your tax obligations and avoid penalties.

Discover the ins and outs of calculating Capital Cost Allowance (CCA) on rental properties with our comprehensive guide. Learn the step-by-step process, benefits, and potential drawbacks, and optimize your tax strategy as a rental property owner.

Navigate the complexities of CCA recapture with our comprehensive guide. Learn what CCA recapture is, why it's important, and how to accurately calculate it to ensure tax compliance and accurate income reporting when selling or disposing of capital assets.

Learn how to calculate Capital Cost Allowance (CCA) on rental property with our comprehensive guide. Discover the benefits and considerations of claiming CCA and follow our step-by-step instructions to optimize your tax strategy as a rental property owner.

Master the process of filing an annual return in Ontario with our comprehensive guide. Learn the necessary information, deadlines, and step-by-step instructions to complete your annual return and ensure your corporation remains compliant and maintains its legal status.

Discover the essentials of accounting for Goods and Services Tax (GST) with our comprehensive guide. Learn key concepts, registration, reporting periods, and the steps to calculate and report GST accurately to ensure compliance with tax regulations.

Learn how to file an annual return for Ontario corporations with our step-by-step guide. Discover key information, deadlines, and the necessary steps to ensure compliance with regulatory requirements and maintain your corporation's legal status.

The Ontario Annual Return is a requirement for all Ontario corporations to update the province on their business information such as the business address and directors. It was previously filed automatically with the corporate tax return, but as of October 19, 2021 it must be filed separately using the Ontario Business Registry system. If you need assistance with this process, the team at Tax Heroes is here to help make annual return filing a breeze. Our experts will guide you through the steps to ensure that your annual return is filed correctly and on time. Don't let the stress of annual return filing weigh you down - contact Tax Heroes today.

Are you unsure of how to effectively communicate with the Canada Revenue Agency (CRA)? Writing a clear and concise letter is an important step in getting the answers or assistance you need from the CRA. As experienced accounting professionals, the team at Tax Heroes has put together some valuable tips on how to write a successful letter to the CRA. Follow our advice to ensure that your correspondence is effective and gets the results you're looking for.