Tax-Free Savings Accounts, or TFSAs, are a fairly recent addition to the Canadian tax ecosystem. First made available to Canadians in 2008, the TFSA is a way for the average citizen to protect a portion of their savings from income…
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If you’ve been paying attention to financial and political news over the past few months, you’ve no doubt heard a lot of talk about the proposed tax changes in Canada. There are a lot of opinions (mainly negative) surrounding these…
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Running a home daycare is a common business. When it comes time to complete your taxes, there are certain guidelines and rules that should be followed in terms of reporting the income from your daycare. The first distinction you must…
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