Tax Tips for Real Estate Agents and Brokers
September 30, 2023
Incorporating as a Personal Real Estate Corporation (PREC) is the first step of tax planning for a realtor, not the
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Incorporating as a Personal Real Estate Corporation (PREC) is the first step of tax planning for a realtor, not the
Medical doctor services are generally exempt from HST/GST under the Excise Tax Act. However, physicians provide certain services that fall
Personal income tax (T1) return: You need to file a personal (T1) return, also knows as Income Tax & Benefit
Filling deadlines: For Personal Returns (T1): For individuals (T1 Return): April 30th If taxpayer or spouse (or common-law partner) carried
Every-time real estate property use is changed (residential/commercial), there is tax implication and potential tax liabilities. Here is how it
In the year of bankruptcy, you might need to file different returns, including pre-bankruptcy, in- bankruptcy, and post-bankruptcy returns. Any
Accounting Firms offer numerous services to business owners as well as individuals. These services help the business owners to grow
In Canada who pays the tax and on what income is based on the RESIDENCY status and not on the
Dear contractor, beware of the dire consequences of being classified as a PSB by the CRA! You may be subject
