How Maternity and Parental Benefits Work In Canada, maternity and parental benefits are processed through EI or Employment Insurance. They provide financial assistance to new parents that meet the following criteria: Those who are leaving their work because of pregnancy or giving birth. They are a parent who are away from work to take care […]
Author Archives: advancedtax
Breaking Down Canada’s Tax Brackets When going through tax planning for the year, it is important to understand Canada’s Tax Brackets so you are able to budget accurately. Keep in mind that your income tax considers income from all sources that are taxable. Once you know what your total income is, it is time to […]
The Canada Child Benefit and Eligibility The Canada Child Benefit or CCB is a non-taxable amount that is paid monthly for families with children under the age of 18. On top of that, there is a Child Disability Benefit which you may be eligible for. When you apply for the Canada Child Benefit, your children […]
Filing an Appeal to the Tax Court of Canada If in the case that an income tax or GST dispute needs to be resolved, first send a notice of objection to the Canada Revenue Agency (CRA). They will review the notice and attempt to resolve it with a reassessment, confirmation or redetermination. At this point, […]
Why File Your Tax Return with a CPA? The governance of the CRA-CPA Canada Framework is done by an overarching steering committee. They manage they relationship between the CRA and CPA Canada to provide high level guidance and direction to tax related committees. Thus filing a tax return with a CPA is the safest and […]