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Below is a collection of all our informative tax and financial related articles to help keep you up to date on tax and general financial related affairs.
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Many Canadians own property in Canada for the sole purpose of earning rental income. And much like any other income, rental income is taxable on your annual tax returns. However, Canadians are not the only individuals who earn this income in Canada. Non-residents also purchase property in Canada to rent out for financial gain.
Losing your job is never a pleasant experience. And while you might think that the taxman would be sympathetic to such circumstances, this is unfortunately not the case. When you receive a severance package upon termination of your employment, that money received is taxable. However, there are some tricks at your disposable to minimize the full tax burden.
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