Taxes

Using a calculator

What is a Tax Deduction in Canada?

Every year Canada’s federal and provincial governments offer opportunities for you to reduce your tax payable through tax deductions.  These are often either to help reduce the tax for some taxpayers or to encourage certain activities that the government considers to be beneficial. There are more incentives and deductions for business owners and the self-employed …

What is a Tax Deduction in Canada? Read More »

coins

What is Canada Fed Deposit on Bank Statement?

Canada Fed on your bank statement is a direct deposit from the Canadian government. This payment is occasionally deposited into the bank accounts of eligible Canadians. Canada Fed deposit could include any of the following payments: But why does Canada Fed payment exist? There will always be low-income earners in any country, governments around the …

What is Canada Fed Deposit on Bank Statement? Read More »

holding a toy house

How to Pay Property Tax in Canada

In Canada, property taxes are imposed by provincial and territorial governments. Property tax is the largest source of revenue for provincial governments. In most provinces, the property tax rates in residential and non-residential properties are different and mostly favor residential properties.  In some provinces, authorities are allowed to levy tax rates according to the class …

How to Pay Property Tax in Canada Read More »

Tax Credit Signboard

What is the Ontario Focused Flow-Through Share Tax Credit?

Many people in Ontario like to invest their money into shares, and mining exploration is a popular choice. When you invest in mining exploration here in Ontario, you may be able to claim some of these expenses under what is known as the Ontario focused flow-through share tax credit. Let’s see a little more about …

What is the Ontario Focused Flow-Through Share Tax Credit? Read More »