Fees paid within mutual funds to the fund manager are not considered carrying charges for tax purposes in Canada. Carrying charges are expenses incurred to earn...
Tools are considered to be of long-lasting value. Therefore, they are entered as Capital Assets (in the CCA section) and are depreciated over time. How much tim...
As per the Canada Revenue Agency (CRA),Royalties may also be income from investments or from a business. Your income from royalties may be shown inbox17of aT5sl...
There could be several reasons why the Income Summary page is not matching with the total of the T4 forms entered. Here are a few possibilities:
Incorrect dat...
If you have received a T5008 statement with no values,you must still calculate it and report it.You will need to use the information from the attached transacti...
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