As per CRA (Canada Revenue Agency),
The following is a list of expenses that are deductible:
Advertising
Insurance
Interest and bank charges
Office expenses
Pr...
The capital gains are claimed by completing 5000-S3,schedule 3,for the current tax year, to report eligible capital gains from all sources. Once calculated,50% ...
As per CRA (Canada Revenue Agency),
Certain conditions must be met in order to be eligible to participate in the HBP, including the following:
you must be cons...
"Percent owned by me", is just asking if you share the property with anyone else. So, for example, if the asset is yours and only yours, then the percentage you...
If you have received an RRIF annuity, it will be reported in Box 16 of the T4RIF. If you received RRIF income upon deregistration of the plan (canceling the pla...