Have you invested in Cryptocurrency, such as Bitcoin?
If you have ever made a real-dollar gain from a Cryptocurrency, you must declare a capital gain.
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Give us a call at 905-571-2665 (BOOK)!
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Have medical expenses?
From dental checkups and laser eye surgery to orthopaedic shoes and private insurance premiums, the CRA allows you to claim a variety of medical expenses as non-refundable tax credits. Make sure to keep all your receipts, prescriptions, and other supporting documentation in case the CRA requests to see them later.
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Give us a call at 905-571-2665 (BOOK)!
Tax tip found at canadadrives.ca/blog/save-money/7-ways-to-get-a-bigger-tax-return
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Own and rent a cottage out?
If you have a cottage that you own and rent out, keep your receipts. And make the claims in the right year. “Allowable expenses are usually deducted on a cash basis – that is, in the calendar year in which you incur them – as long as you match them to the revenue earned in the same period. These can range from the advertising of the cottage all out to landscaping costs and common things such as maintenance and repairs.”
Have questions?
Give us a call at 905-571-2665 (BOOK)!
Tax tip found at: canadadrives.ca/blog/save-money/7-ways-to-get-a-bigger-tax-return
We’ve got you covered!