The tax consequences of getting a divorce in Canada can vary depending on a number of factors, including the specific terms of the divorce settlement, the assets involved, and the tax status of the individuals…
The Canadian government requires individuals and businesses to file their tax returns on an annual basis, and there are many software options available to help make the process easier. Here are the top 10 CRA-approved…
Canada is known for its friendly people, high standard of living, and robust banking system. The country has many banks that offer different services, products, and account options to newcomers. As a newcomer to Canada,…
Tax brackets are the income levels at which a taxpayer becomes liable to pay a higher tax rate. In Canada, the federal government and each of the provinces collect income taxes. In 2022, the federal…
Land transfer tax is a fee charged by the government on the transfer of ownership of a property. It is a one-time payment that is typically due at the time of closing and is based…
As a Canadian executor, you are responsible for administering the estate of a deceased person, ensuring that their assets are distributed according to their last will and testament. This task can be complex, time-consuming, and…
When someone passes away, their last will and testament outlines their wishes for the distribution of their assets. The executor is the person designated to carry out these instructions and ensure that the deceased’s final…
