Tax

filling a form

10 Turbotax Alternatives for Tax Filing

Filing your taxes can be difficult under normal conditions and that’s why people turn to software like Turbotax and other alternatives. However, it’s even more of a challenge with the economic crisis that’s made many businesses close shop, making it an uphill climb to file your tax returns correctly. Sure, it’s possible to hire a …

10 Turbotax Alternatives for Tax Filing Read More »

Canada Non-Refundable Tax Credit

How Non-Refundable Tax Credits Work in Canada (Examples Included)

Refundable and non-refundable tax credits are two tax-paying terms Canadians will often come across during tax season. Understanding what these terms mean is crucial even if you don’t do your taxes yourself. There are so many terms in the world of taxes that it can all get a bit overwhelming at times. That’s why most Canadian …

How Non-Refundable Tax Credits Work in Canada (Examples Included) Read More »

How to Avoid Customs Charges From USA to Canada

As a frequent or seldom online shopper, you probably must have coughed out a few bucks of dollars in duties, taxes, and import-related charges. If you haven’t, lucky you! Whether for business or personal needs, venturing into international shopping and shipping has its highs and lows. Every country has its trade laws and rates associated …

How to Avoid Customs Charges From USA to Canada Read More »

What is RRSP Contribution Limit in Canada?

The Canada Revenue Agency (CRA), the Canadian government agency coordinating the administration of savings and pension schemes, has announced the contribution limit for the 2021 RRSP. In addition to the RRSP, the CRA released the annual contribution limits of money purchase (MP), defined benefit (DB), registered pension plan (RPP) and the YMPE.  The year 2020 …

What is RRSP Contribution Limit in Canada? Read More »