If you operate a small business and have the need to control and manage every small detail of that business, you may be inclined to do your business taxes by yourself, without the...
In the previous article, we touched base on the various types of allowances and deductions allowed to people serving in the Armed Forces. Notably, exclusion of income of members...
The following items are not included in income of taxpayer for a taxation year:
Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a))
Amounts received...
Quite often I get asked what type of tax breaks are our men and women in the military receiving. This is a complicated question because military personnel receive different types...
The following items are included in income of taxpayer for a taxation year:
Alimony or maintenance payments (s. 56(1)(b) and s. 56(1)(e))
Allowances for personal, living, or any...
Multinational Companies do lot of intercompany transactions. U.S manufacturers market their products in foreign countries through their subsidiaries. Domestic parent companies sometimes...