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Canada

Tax Deductibility: Interest on Unpaid Property Taxes Eligible, Penalties Not Eligible

Tax Deductibility: Interest on Unpaid Property Taxes Eligible, Penalties Not Eligible

Learn about the tax implications of overdue property taxes in Canada: While interest on unpaid property taxes is eligible for tax deduction, penalties are not. Stay informed to make the most of your deductions.

Tax-Free Motor Vehicle Allowances

Tax-Free Motor Vehicle Allowances

Maximize tax efficiency in business travel with expert insights on motor vehicle allowances, and deductible strategies in Canada. Navigate consequences, stay informed, and make smarter financial decisions.

Exemption for imputed interest on short-term loans to employees

Exemption for imputed interest on short-term loans to employees

Interest-free or low-interest loans provided by the employer to employees does not qualify as a taxable benefit under these conditions: * The combined amount of all loans received doesn't exceed $10,000 within a calendar year. * The loan(s) last for 60 days or fewer. * The loan isn't obtained due to

Restricted Stock Units (RSUs) - tax implications for Canadian employees

Restricted Stock Units (RSUs) - tax implications for Canadian employees

Explore the tax implications of Restricted Stock Units (RSUs) for Canadian employees, from grant to sale, including taxable benefits, withholding taxes, and reporting requirements.