GTA Accounting Insights

Category: Personal Tax Return

Social Media Influencers and Taxes in Canada: What You Need to Know

As social media influencers become increasingly popular, the Canada Revenue Agency is starting to notice. Recently, there have been many cases where the CRA has demanded that social media influencers pay taxes on their income from online activities. This blog post will discuss what you need to know about taxes and social media in Canada.…
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Can You Claim Work from Home Expenses on Your Taxes in 2022?

In recent years, there has been a huge surge in the number of people working from home. The rise of technology has made it easier for people to telecommute and still be productive. As a result, more and more people are asking the question: can you claim work from home expenses on your taxes? The…
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Why You Should Never Do Your Own Taxes

If you’re like most people, doing your own taxes is probably at the bottom of your list of things to do. It’s time-consuming, confusing, and can be a hassle. That’s why it’s a good idea to leave it to the professionals at a tax firm. At a tax firm, you can get help from experienced…
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How You Can Work Outside Canada and Pay Taxes

Do you want to work outside of Canada but are worried about the tax implications? You’re not alone! Many people are curious about how working outside of Canada will impact their taxes. This blog post will discuss how to work outside of Canada and pay taxes. We will also look at how this may affect…
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How to Claim Children in Your Taxes: Tax Benefits for Your Kids

Are you wondering how to claim children in your taxes this year? If you have children, there are several tax benefits that you may be able to take advantage of. Each situation is different, so it’s important to consult with an accounting firm or tax specialist to find out what tax breaks are available to…
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What To Do If You Didn’t File Your Taxes On Time In Canada

Did you know that over half of Canadians don’t file their taxes on time? According to a recent survey, the main reasons people cited for not filing their taxes on time were “procrastination” and “forgetting.” There are many other reasons people might not file their taxes on time in Canada. Maybe you were out of…
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Everything You Need to Know About Taxes as a Freelancer in Canada in 2022

As a freelancer in Canada, staying up-to-date on the latest tax laws is important. In 2022, there are several new changes that you need to be aware of. The accounting and tax firm GTA Accounting has put together a guide to help freelancers understand how the new tax laws will affect them. In this article,…
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Everything You Should Know about Filing Coupled Tax Returns in Canada in 2022

In Canada, there are specific laws and regulations governing filing tax returns for couples. Married couples have several advantages when it comes to filing taxes, but there are also a few disadvantages to be aware of. In this article, we will explain everything you need to know about filing coupled tax returns in Canada in…
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Everything You Need to Know About Tax Season 2022 in Canada

It’s that time of year again! The snow is starting to melt, the birds are beginning to sing, and tax season is just around the corner. In Canada, tax season runs from January 1st to April 30th. If you’re a Canadian citizen or resident, it’s important to file your taxes every year. Failing to do…
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This is What You Should Know About Line 10100 in Canada

As we approach tax season, you may be tempted to save yourself a few dollars by filing your own taxes. Even though tax returns may appear straightforward, they can be complex and stressful to the untrained eye. Luckily, GTA Accounting can assist you with the process. Let us begin by reviewing “What is Line 10100…
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