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.
Excel
Simplify Invoicing with Our Dynamic Template!
Streamline your invoicing process by using our dynamic template, offering the convenience of generating multiple invoices within a template effortlessly.
Introducing our dynamic and user-friendly Invoice Template - your ultimate tool for hassle-free invoicing!
Key Features and enhanced attributes:
1. Multiple Invoices Convenience: Generate numerous invoices effortlessly, each auto-sequenced based
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.
Repairs & maintenance of rental properties - capital expenditures vs operating expenses
Learn how to differentiate between capital expenditures and operating expenses for rental properties to optimize your tax strategy.
Interest and penalties on late taxes
If you have an outstanding tax balance for a given year and failed to file your Canadian income tax return by April 30th, the Canada Revenue Agency will begin to impose compound daily interest starting on May 1st of that year on any remaining owed amount.
It is worth mentioning
Canadian Mortgage/Loan Calculator - free Microsoft Excel template
Calculate your Canadian mortgage payments accurately with our Excel template. Input parameters such as loan amount, interest rate, and payment frequency to generate an amortization schedule. Download now for free!
Cryptocurrency - Tax Implications explained
The following cryptocurrency are recognized as taxable assets in Canada:
Bitcoin
Ethereum
Solana
XRP
The CRA recognizes that cryptocurrency uses blockchain technology which creates a permanent and indelible record of all transactions, reducing the need for financial institutions to verify transactions. It creates a decentralized network where computers are connected