If the air conditioner cost you more than $500, it would generally be considered a capital expense, and you would need to claim the expense over a period of sev...
RRSP (Registered Retirement Savings Plan) is a personal savings plan that allows you to save for your retirement on a tax-deferred basis. This means that you ca...
Only assuming a mortgage would not make you eligible for the Home Buyers' Tax Credit (HBTC), but if you mean you are a first-time homebuyer who purchased a qual...
You may be able to deduct the cost of the air conditioner as a business expense on your income tax return. If the cost of the air conditioner is less than $500,...
Designated immediate expensing property (DIEP) refers to a property category eligible for accelerated tax depreciation. This means that business owners can clai...
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