GTA Accounting Insights

Category: Personal Tax Return

Tax Deduction on Moving Expenses in Canada

Do you know that you can deduct moving expenses from your taxes in Canada? If you’ve moved in the past year or are planning to move soon, you may be eligible for a tax deduction. Continue reading this blog for more information about how to claim moving expenses on your taxes. Relocating for a new…
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Leasing/Financing A Car For Your Business In Canada

In deciding whether to lease or finance your next car, you must consider all the different factors. What may be right for one person might not work out as intended with another individual if they’re not careful when making this decision-the type of vehicle being driven also plays an essential role in terms of which…
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Canadian Tax Deductions and Credits in 2022

In 2022, Canadians will be able to take advantage of several new tax deductions and credits. Some of these include the Children’s Fitness Tax Credit, the Public Transit Tax Credit, and the Volunteer Firefighter’s Tax Credit. In this article, we’ll take a closer look at these tax breaks and what you need to do to…
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Common Mistakes On Your Tax Return In Canada 2022

Avoiding common mistakes when filing your income tax return is important. Filing a wrong or incorrect amount can lead to audits and penalties, which may drastically change the outcome of whatever refund you were expecting, not just this year but for future returns as well! That’s why we’ve compiled some common errors that people make…
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Taxes As An International Student in Canada: All You Need To Know About

Canada is a popular destination for international students. If you’re among them, we hope this information will be helpful as your study abroad adventure begins! When it comes to filing your taxes, we understand this can be a bit confusing, but that’s why we’re here! Depending on your program length, whether you have a job,…
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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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