rbtj.ca Tax Blog

Tax Credits

What is a tax credit? How can I use them? Tax Credits These credits lower the amount you need to pay taxes on. There are two types of tax credits: Refundable tax credits: These credits will be paid to you if you are eligible even if you do not owe

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Senior’s Tax Return

I am a senior. How can I file my taxes? What should I include in filing taxes? *** Rbtj.ca offers a 10% seniors discount on the regular price for income tax filing. If you are 65 or over, you are considered senior in Canada. You are required to report any

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T2200 – T777 Employment Expenses

I am an employee and receive T4, but I also spend some money for the business, i.e., I use my phone or my car. May I claim employment expenses? As a full-time employee you will be able to claim employee expenses if you have T2200 signed by your employer. This

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Home Office Expenses

I work from home. Can I claim home expenses while filing taxes? The short answer is yes but the rules are different considering whether you are self-employed or an employee working remotely. If you are self-employed and using a part of your home to do your business, you can claim

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Student’s Tax Return

I am a student in Canada. How can I file my taxes? What is Tuition credit? If you are a student, over the age of 16, at a post-secondary level in Designated Educational Institution, you are eligible for tuition tax credits. The common tax slip that students get since 2019

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Self-employment Tax Return

I am self-employed. Should I claim my income? How can I claim my expenses? What information is needed to file my taxes? If you are self-employed, you must claim the total income that you earned during the tax year. You also can claim the expenses directly related to your work.

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First Time Tax Filer

This is the first time I need to file my taxes in Canada. What documents and information are needed? Welcome to Canada! First, you need to make sure you have a valid SIN number, which you could get from Service Canada. You can create a “My Account” on the Canada

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Rental Property Tax Preparation

I rent my place, how can I claim my expenses? If you own a property and rent the whole place or a part of it, you must claim the rental income you earned during the tax year. If you have a partnership in rental income, you should provide a partnership

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Delivery Service Tax preparation

I work in a food delivery service (i.e., Skip the Dishes, Door dash, etc.). How can I claim my expenses? What information is needed to file my taxes? If you work in the food delivery service, and you do not receive a T4, you will be considered self-employed. You must

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