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Your tax return Checklist and Changes in 2023/2024
Your tax slips, allowable deductions and tax credits checklist For employed Canadians, the deadline for the taxes is April 30th. Any taxes owed for that year must also be paid by this deadline. Self-employed individuals have until June 15th to submit their returns, but taxes owed are still due by April 30th. Failure to meet…
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How to deduct home office expenses??
Whether you’re self-employed and operating from your home or an employee working remotely as per your employer’s request, there are avenues to offset some of your home-related expenses by claiming deductions on your personal income tax return. For self-employed individuals, reporting business use of Home Expenses is done via the T2125 form submitted with the…
