Tax Doctors Canada Tax News And Information

For many individuals preparing their Canadian income tax returns, the term “taxable Canadian property” is probably recognizable. In fact, numerous provisions within the Income Tax Act impose tax implications regarding the disposition of this property on certain individuals, such as non-residents. As such, it is very important for Canadian taxpayers to be aware of the proper definition of taxable Canadian property, and how it affects them.

Many Canadians are expected to receive a tax refund this year. With that extra money, it may be very tempting to increase discretionary spending. However, here are some helpful tips on what to do with your tax refund.