Tax Accounting & Bookkeeping Services Canada
In the ever-evolving landscape of Canadian taxation, understanding your obligations can be a daunting task. The Talent Tax Calculator serves as an invaluable tool, simplifying the process of estimating your income tax liabilities for the 2025 tax year. By inputting your financial information, you can easily discover your salary after tax, ensuring informed decisions about […]
A corporate taxpayer, Canada Trustco Mortgage Company, purchased a number of trailers from Transamerica Leasing Inc., which it leased to Maple Assets Investments Limited. Maple, in turn, leased the trailers back to Transamerica, their original owner. As a result of this transaction, Canada Trustco Mortgage Company claimed a capital cost allowance deduction against its new-found […]
CPP Maximum 2025 | CPP Rates The CPP rate, effective January 1, 2025, is set at 5.95% of pensionable earnings. The maximum CPP contribution for the 2025 taxation year is $4,200. Basic Exemption Amount The basic exemption amount for 2025 is $3,600. Individuals with earnings below this level are not required to contribute to the […]
Income Tax Deadlines for 2025 | Canadian Tax Deadline Below are the key dates for filing returns and making payments for the 2025 tax year: Tax Return Filing Deadlines Individual Income Tax: Your tax return for 2025 must be filed on or before April 30, 2026. Self-Employed Persons: If you or your spouse or common-law […]
Nova Scotia Income Tax Calculator | NS Province: Nova Scotia Enter Your Annual Income Provide your total earnings for the year to compute your federal and provincial tax obligations in Nova Scotia. Estimate Your Tax Refund for 2025 Input your tax information for the 2025 tax year. Include the taxes deducted from your paychecks, your […]
2025 Personal Income Tax Calculator | Personal Income Tax Rates Canada Use this tool to calculate your combined federal and provincial personal income tax for 2025. The calculator reflects the rates in effect as of February 2025. Please note that the figures do not include CPP and EI deductions or contributions. Click Here to Use […]
Manitoba Income Tax Calculator | MB 2025 Note: Our Manitoba Income Tax Calculator for 2025 provides a basic estimate of your tax amount and a rough idea of your refund for the current tax year. The results are for informational purposes only and are not guaranteed to be exact. How It Works This calculator gives […]
Taxes Calculator Quebec: Understanding Tax Rates and Refunds The Quebec Income Tax Calculator for the 2025-2026 tax year is an invaluable tool for residents of Quebec looking to navigate the complexities of their income tax obligations and plan for the tax year 2025. With a detailed understanding of tax rates, brackets, and potential refunds, taxpayers […]
Ensure compliance with provincial legislation regarding sales taxes in Ontario. By understanding the intricacies of the Harmonized Sales Tax (HST), you position your business for success while minimizing audit risks. Leverage our expertise to navigate through the complexities of taxes and optimize your revenue flow. Stay Ahead of Audit Challenges: Proactive management of your tax […]
Your profits from short-term investments face taxation in Canada, impacting your overall returns. Understanding the short-term capital gains tax is essential for optimizing your investment strategy. When you sell assets held for less than a year, the gains are added to your annual income, and this can lead to higher tax rates. Consider this: If […]