To claim amount for infirm dependants age 18 or older, the dependant must have been dependent on you, or on you and others, by reason of physical or mental impairment.
What is amount for infirm dependants age 18 or older
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Category: Articles
How to report your commission income and claim your expenses on your tax return?
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As a salesperson, you can either be classified as an employee earning commission income or as a self-employed commission salesperson. How to report your commission income and claim your expenses on your tax return depends on which category you are in.
What is caregiver amount?
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If, at any time during the year, you (either alone or with another person) maintained a dwelling where you and one or more of your dependants lived, you may claim this credit for each dependant.
The due dates to file income tax returns for deceased persons
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The legal representative has to file a return for the deceased for the year of death. This return is called the final return. In addition to the final return, the legal representative may choose to file up to three optional returns in order to save tax. The due dates for filing these returns depend on…
The due dates to file income tax returns for deceased persons – final return
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The legal representative has to file a final return for the deceased for the year of death. And up to three optional returns may be filed to save tax.
The due dates to file income tax returns for deceased persons – optional returns
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The legal representative has to file a final return for the deceased for the year of death. Additional up to three optional returns may be filed to save tax. Here are the due dates for filing optional returns.
How to calculate Capital Cost Allowance (CCA) – an example
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It is much easier to understand the calculation of capital cost allowance (CCA) through an example.
How to deduct business capital expenditures – capital cost allowance
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The money you spend on purchasing capital assets for your business is capital expenditure. Unlike the day-to-day expenditures such as telephone bills, office stationery, rent, or car lease, a capital expenditure cannot be fully deducted immediately as a business expense. It can only be deducted over time in a form of depreciation. In stead of using…
Basic information for small business owners about issuing T4 and T4A information slips
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Issuing T4 and T4A information slips is what a small business owner should be familiar with especially if the business hires employees or sub contractors.
Major Ontario provincial changes for 2012
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The taxable income thresholds in all three Ontario provincial tax brackets and most provincial non-refundable tax credit amounts were increased by 3.3% in 2012, reflecting changes to Canada’s consumer price index (CPI) in Ontario.