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Accountor CPA Blog

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Line 31270: First Home Buyers Tax Credit and What It Means for You

Purchasing a home is one of the biggest expenses an individual will incur throughout their life.....

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by Accountor Team

Who is Required to File Taxes in Canada?

Do you know who is required to file taxes in Canada? Filing taxes can be overwhelming for individuals and entrepreneurs in Canada....

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by Accountor Team

How to Use Canadian Income Splitting to Reduce Your Tax Bill

No one likes to pay extra taxes when they reach a higher tax bracket. The Government of Canada outlines specific rules to clarify.....

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by Accountor Team

How Do I Find My NAICS Code, and How Is It Essential for My Business?

Knowing about Canadian industry codes and their role in businesses is essential if you are a new entrepreneur....

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by Accountor Team

Warning: 2022 Underused House Tax (UHT) Returns - HUGE Penalties.

On March 27, 2023, the CRA announced that there will be no penalties or interest assessed for the 2022 Underused House Tax (UHT) returns as long as they are filed and .....

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by Accountor Team

Payroll Deduction in Canada

Although your taxable salary figure is displayed on your contract as you begin a new job in Canada, you do not receive the full amount during payday....

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by Accountor Team

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