Bitcoin and Crypto Taxes :: Frequently Asked Questions

LOC (English) ; NTA (Japanese)

You can typically find more information about the specifics of your country's taxation rulings on official government websites (such as IRS.GOV for United States taxation information). A compilation of information on crypto tax regulations in the United States, Canada, The United Kingdom, Germany, and Australia, which can be found here .

The Library of Congress...

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How to Calculate Tax Payable on the Sale of Your Rental ...

Hi fellow Canadian Real Estate Investors,

It was my birthday weekend last week.

Erwin arranged a surprised celebration party on Sunday with my best friends.

He knows that I'm a geek so we once again went to an escape room. This time we manage to escape in less than 35 minutes and that was the fastest time I had ever done!

We even made the best escape time for the week! Woo-hooh!

Now onto this...

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Tax tips for self-employed contractors - Canadian Contractor

February 17, 2017 by Steve Payne

We are approaching income tax time once again.

Just to make it that much more enjoyable, here is an article from our friends at Canada Revenue Agency, on making the most of your deductions. Thanks to Ravinder Dhami at CRA for sending this to us. 


Self-employed? Make dollars and sense of your income tax and benefit return

Being self-employed means more than...

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Tax on Real Estate Sales in Canada - Madan CA - Chartered ...

Ever wonder how to deal with tax on real estate sales in Canada? If you own a rental property or a real estate investment in Canada, and have sold or are thinking of selling, read this blog for helpful tax tips that can save you thousands.

This blog is divided into 3 separate parts:

How to Reduce Taxes on the Sale of Real Estate in Canada

Best Ways to Own Canadian Real Estate Investments


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Property Transfer Tax Act - Laws Publications

Fair market value of land with industrial improvements

1.1 � (1) For the purposes of a transaction referred to in paragraph (a) (i), (iii) or (iv) of the definition of "taxable transaction",

(a) if

(i) the transferor is the government, or

(ii) the transfer is between associated corporations within the meaning of section�256 of the Income Tax Act (Canada), and

(b) the land being transferred...

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Date: 2018-03-23 04:07:37

Six years to life | Deloitte Canada | Tax services ...

Six years to life

Tax records: what to keep and how long to keep it

Every person who does business, or pays or collects taxes in Canada is required to keep records and books of account. This provides adequate support in the event of a review by the Canada Revenue Agency CRA. But what do you keep, in what format and for how long?

By Jeremy Bergen

Every person who does business, or pays or collects...

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Salary after Tax Calculator - United States (US)

 More Info

Gross Income

is the sum of all your earnings before any taxes have been deducted, minus any exemptions.

Net Income

is the money you take home after all taxes and contributions have been deducted from your gross salary.

Tax Due is the sum of all taxes and contributions that will be deducted from your gross salary. The deductions used in the above salary calculator assume you are not...

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Related topics : salary tax calculator by state / income tax calculator federal and state / federal income tax rate calculator / social security income tax calculator / self employed income tax calculator canada

How to Get More Money Back From Your Tax Return in 2018

It's that time of year again! TAX TIME!� If you didn't get a chance to implement any of my 16 Tax Tips for Year End , don't fret, my friend, there's still time to get more money back from your tax return!� Check out our Wealthsimple Review for the quickest and easiest way to setup an RRSP and supercharge your tax refund.�

I started filing my own taxes last year. Before that, I hired an...

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RBC Dominion Securities - Tax Reporting Guide

T5/Relevé 3


If you received income of $50 or more during the year from stocks, bonds or interest on credit balances you will receive a T5

, if you are a resident of Quebec) and an accompanying Summary of Investment Income and Expenses

. Your T5 slip includes:

Dividends paid, including the value of stock dividends.

Interest paid on bonds and cash balances.

Accrued interest earned...

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Related topics : income tax return information / resident income tax return / canadian income tax return / income tax return canada / income tax e file return

Capital Gains – 2017 -

Capital gain (line A minus line D)


= $2,440


Because only 1/2 of the capital gain is taxable, Mario completes Schedule 3 and reports $1,220 as his taxable capital gain on line 127 of his income tax and benefit return.

When you sell, or are considered to have sold, a capital property for less than its ACB plus the outlays and expenses incurred to sell the property, you have a capital loss. You...

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Date: 2018-03-23 02:55:01

Mortgage Payment Calculator Canada -

Mortgage Payment Calculator Canada

Our mortgage payment calculator calculates your monthly payment and shows you the corresponding amortization schedule. If you are purchasing a home, our payment calculator allows you to test down payment and amortization scenarios, and compare variable and fixed mortgage rates. We also help you calculate CMHC insurance and land transfer tax.


� STEP 1


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Related topics : land transfer tax ontario calculator first time buyer / land transfer tax calculator first time buyer / mortgage payment tax calculator / mortgage calculator insurance tax / land transfer tax calculator toronto

Self-Employed and Contract Earnings: How-To File Your ...

By Julie King | February 1, 2013

Did you earn income outside of your regular day job in 2012 that won't be reported on the T4 from your employer? This article will help you understand how to declare your contract and/or self-employment income on your 2012 tax return.

To get started there are essentially two question you need to ask. Did you earn in income outside your job last year? If so, would...

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Ontario Mortgage Calculator |


Ontario Mortgage Calculator

Location Please ensure your location is correct in order to find the best rates available in your area.

Our mortgage calculator contains Ontario current mortgage rates, so you can determine your monthly payments. Our calculator also includes mortgage default insurance (CMHC insurance), land transfer tax and property taxes.


� STEP 1

Enter the price of the...

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Related topics : land transfer tax amount ontario / land transfer tax ontario calculator first time buyer / land transfer tax calculator first time buyer / land transfer tax calculator toronto / mortgage insurance property tax calculator

Important Tax Dates and Deadlines for 2018 | BDO Canada

T5013 Partnership Information Returns (where all�

members are individuals, including trusts)

April 314

T1135 Foreign Income Verification Statement

Due on same date as income tax return15

1. Keep in mind that if the deadline falls on a weekend or public holiday recognized by the CRA, for federal tax purposes, your tax return is filed on time if it is received or it is postmarked on...

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2018 Income Tax Calculator - H&R Block Canada

Our clients are saying great things.

"Patricia was very helpful, informative and the process was fast."

Elizabeth W, British Columbia

"I've used them for the last 15 years with no complaints."

Tanya M, New Brunswick


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Related topics : fast tax return h&r block / income tax calculator 2018 / canada tax calculator income / tax income return calculator / tax calculator income

RRSP calculator 2017 | Easy Tax Canada

Deductible RRSP contributions can significantly increase your tax refund. The contribution limit in 2017 is $26,010 or 18% of last year's income, whichever is less, plus any unused contribution room...

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Related topics : income tax deduction calculator 2017 / rrsp calculator tax / income tax refund calculator / salary tax calculator / income tax deduction calculator

What is Child Disability Tax Credit & do you qualify ...

Family net income is a key component in determining the Child Disability Benefit amount. It is calculated by adding the amount entered on line 236 of your income tax return to the net income of your spouse or common-law partner. Your child's net income (if any) does not play a part in determining family net income. If you, your spouse or...

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Related topics : calculation child tax credit / calculate child tax credits / calculating child tax credit / calculate child tax credit / calculator child tax credit

Quick Method of Accounting for GST/HST -

Quick Method of Accounting for GST/HST

RC4058(E) Rev. 17

If you are blind or partially sighted, you can get our publications in braille, large print, etext or MP3 by going to About multiple formats . You can also get our publications and your personalized correspondence in these formats by calling 1-800-959-5525.

This guide uses plain language to explain the most common tax situations. It is...

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Date: 2019-03-23 23:18:41

Tax Implications of Divorce and Separation in Canada

Home Personal Tax Tax Implications of Divorce and Separation in Canada

Tax Implications of Divorce and Separation in Canada

Allan Madan, CA


Divorce and separation can be an extremely emotional and difficult time in your life. To make matters worse, these life changes can lead to unwanted financial stress. Nevertheless, there are various tax saving opportunities that can help save you...

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Related topics : tax return preparation fee deduction / tax return fees deductible / tax return preparation fee / tax return fees for accountant / free income tax return calculator canada

Tax Filing Tips for Freelance Bloggers in the US, UK and ...

Working for yourself is a dream come true for many, but when tax time comes I understand all too well how all the forms, schedules and receipts can become a confusing mass of nonsensical paperwork.

The truth is, when you know what kinds of invoices and financial interactions to keep track of throughout your working year, the process can not only be smooth and simple, but satisfying as well.


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International Tax | Caplin & Drysdale

If you are planning a cross-border transaction, operation, or investment, you must deal with a daunting array of U.S. tax rules. The structure you choose will have both immediate and long-term tax consequences, some of which are direct and obvious and others of which are indirect and hidden. Your choice of entities can be critical to your success and the "check-the-box" rules offer�considerable...

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Canada Income Tax Return for Citizens |

You may. We find that one in three Canadian citizens or residents have overpaid tax and is eligible to claim a tax refund. will get you back as much overpaid Canadian tax as is legally possible.

You can get a refund if you:

had too much tax withheld;

paid more installments than necessary; or

are eligible to claim extra refundable credits.

The average refund we get for our Canadian tax...

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How to bring 401(k)s and IRAs to Canada |

The proper choice depends on several factors, so ask the following questions.

What kind of plan is it, and have you already started withdrawing from it?

If the client has already started withdrawing from the plan, she cannot transfer it into an RRSP, says Power. She adds 401(k)s that have been rolled over into annuities cannot be transferred.

There are considerations for each plan. For 401(k)s,...

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Related topics : canadian income tax return / income tax rate calculator / self employed income tax calculator canada / tax return canadian / canadian tax return form

Tax Tips for Students | Get a Bigger Refund with Tax Tips


Shares 1

If you are a student, you probably don't owe much in taxes, but you'll still want to make sure you are getting the refund you deserve. Here are five tax tips that will make sure you don't miss out on any credits or deductions at tax time.

1) Claim extra school related costs.

You'll receive a T2202 slip for your official tuition expenses from your post-secondary institution, but if...

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eTaxCanada - Canada tax software for NETFILE ... - Free Trial


eTaxCanada[TM] 2012 is being certified by the CRA!

The eTaxCanada[TM] 2012 is being certified by the CRA. The 2012 version will be available to the public shortly. Please come back regularly for latest news.

eTaxCanada[TM] 2011 is certified by the CRA!

The all new eTaxCanada[TM] 2011 is a comprehensive form-based software (web...

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After-Tax Returns on Canadian ETFs | Canadian Couch Potato

To help address this problem, Justin Bender spent the last several months creating a calculator for estimating the after-tax returns on Canadian ETFs. He was inspired by Morningstar's US methodology , but he made many significant changes to adapt it for Canada. The new methodology is fully explained in our latest white paper, After-Tax Returns: How to estimate the impact of taxes on ETF...

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BC Land Transfer Tax Calculator -

British Columbia land transfer tax example calculation

Let's assume you are purchasing a house worth $250,000:

$200,000 1st marginal bracket 1% marginal tax rate =

$2,000 land transfer tax

( $250,000 property value $200,000 lower marginal

tax bracket) 2% marginal tax rate =

$1,000 land transfer tax

$2,000 land transfer tax $1,000 land transfer tax =

$3,000 land transfer tax

Land transfer tax...

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Related topics : land transfer tax calculator first time buyer / land transfer tax calculator commercial / land transfer tax calculator bc / land transfer tax calculator / land tax calculator

CPP calculator, Canada Pension Plan 2018 - Calculconversion

Amount for self-employed


The Canadian Pension Plan has been introduced in 1965 by Prime Minister Lester Bowles Pearson. This plan gives contributors regular pension payments. Every Canadian citizen who reaches a minimum of 3500$ in annual salary and are between 18 and 65 years old have to contribute.

Pension benefits can begin as early as age 60, but are paid 100% from 65 years old.

Rates and maximum for CPP in 2018

To determine the amount of CPP contribution, you must take into account these variables on the 2018 gross income:

Annual maximum...

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Date: 2018-01-17 16:01:30

Related topics : self employed income tax calculator 2018 / self employed income tax calculator canada / self employed income tax calculator / income tax calculator 2018 / self employment tax calculator

2017 Disability Tax Credit Guide - T2201 Form, Eligibility ...

Disability Tax Credit (DTC) was established in 1988 by the Canadian government in an effort to help tax paying disabled Canadians and their families offset the various costs of having a disability as well as reduce the amount of income tax a person with a disability (or a family member) would have to pay on an annual basis. The DTC was criticized by many Canadians with disabilities for being too...

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Mortgage Calculator -

The Ultimate Mortgage Calculator

My quest to build the Ultimate Mortgage Calculator began years ago.� I had just purchased my first house, and felt like I was being crushed by a home loan that was the size of a mountain.� I was looking for some escape avenue; I needed to find a way to believe that this mortgage would eventually be paid off.� I had a forty year amortization, and really...

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Related topics : mortgage calculator tax benefit / mortgage insurance property tax calculator / mortgage payment tax calculator / mortgage calculator insurance tax / tax deduction mortgage interest calculator

Online Estimator | Rent Assist | Employment and Income ...

Rent Assist Estimator

Rent Assist Estimator for Manitobans not on Employment and Income Assistance

Rent Assist is a monthly shelter-related financial benefit to help low-income Manitobans who pay rent in the private market and who are required to spend a large portion of their income on rent. Rent Assist helps Manitobans pay an affordable rent, which has been set at 75% of Median Market Rent...

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Related topics : income tax calculator estimator canada / income tax return calculator estimate / income tax calculator estimate / online income tax calculator canada / mortgage calculator tax benefit


What are the 10 Most Missed Tax Deductions

What are the 10 Most Missed Tax Deductions

1. Equivalent-To-Spouse Credit

The equivalent-to-spouse credit can be claimed if you are single, divorced or separated. It is calculated the same way as the spousal credit with some restrictions. 

If the dependent is not a child, he or she must be a Canadian resident. If a child is claimed as a dependent, he...

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Tax Filing Deadlines in Canada -

Tax Filing Deadlines in Canada

Tax Due Dates By Type of Tax

by L. Kenway BComm CPB

The Bookkeeper's Notes on tax compliance and tax filing deadlines by tax type ...

everything in one place ... for work from home bookkeepers and small business owners doing their own books.

You can scroll down to find what you are looking for or click on one of the QUICK LINKS to go right to the spot.

What You'll...

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eTaxCanada - Canada tax software for NETFILE and EFILE ...


eTaxCanada[TM] 2014 is now EFILE and NETFILE certified

Sharing tax returns with your children, parents, classmates, friends, tax professionals, helpers and clients never gets easier. This year, forget about the insecure old way of emailing slips, receipts and tax files. Try the all new eTaxCanada and start sharing today!. 



eTaxCanada[TM] 2014: free trial; unlimited EFILE returns for...

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Current Payroll Tax Rates | Canadian Bookkeeping


1.4 times

Now you can quickly verify that your payroll taxes were calculated using the proper payroll tax rates.

Employees who have over payments to EI and CPP in the year receive a refund when they file their annual personal tax return.

Overpayments can happen if an employee has more than one job or retires during the year. The employer portion of the overpayment is NOT refundable.


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Tax-Savvy Ways to Sell Your Canadian Business - dummies

Tax-Savvy Ways to Sell Your Canadian Business

Tax-Savvy Ways to Sell Your Canadian Business

If you're the owner of a small business in Canada, your company is likely your most valuable asset. You may have dreams of selling the business one day and using the proceeds to travel or invest in another business. Or you may be considering selling part of your business to a partner to reduce the amount...

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Caregiver tax guide: What’s the difference between a tax ...

Caregiver tax guide: What's the difference between a tax credit and tax deduction?

Caregiver tax guide: What's the difference between a tax credit and tax deduction?

March 1, 2018

March in Ontario can be a drag: Our New Year's resolutions are losing their spark, flu season has taken a toll, and now we're about to be hit by the dreaded Tax Season. Not to worry, we have some information to help you...

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Related topics : working child tax credit calculator / working family tax credit amount / working families tax credit calculator / working tax credit calculator / calculation child tax credit

RRSP Contribution Calculator -

RRSP Contribution Calculator

Calculate your RRSP Contribution in each province and territory of Canada such as Ontario, Alberta, BC, Quebec, Nova Scotia, Manitoba and so on.

RRSP Contribution Amount:

RRSP Over...

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Date: 2014-01-21 15:20:01

Related topics : rrsp calculator tax / estimate tax refund calculator / income tax calculator estimator canada / income tax calculator estimator ontario / income tax calculator estimate

Capital gains tax when selling a rental property

Q. For the moment it seems that capital gains are taxed at 50% of the value. My parents own a rental property. Would it make sense to "buy them out" now and pay the capital gains at 50% rather than wait for the inheritance and risk being taxed at 75% in the future? I assume that this is done at fair market value (FMV), but can I buy the property at less than FMV to save on capital gains tax now...

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Related topics : capital gains property tax rate / capital gains tax property calculator canada / capital gains property tax calculator / capital gain tax calculator / income tax rate calculator

File Taxes Online – Online Tax Filing Products | H&R Block®

Full Site Disclaimers

H&R Block Online Deluxe or Premium, or H&R Block Software Basic, Deluxe, Premium or Premium & Business get unlimited sessions of live, personal tax advice with a tax professional. You can ask our tax advisors an unlimited number of questions at no extra cost (excludes business returns). Standard live chat hours apply (10:00 a.m. to 10:00 p.m. Mon.-Fri; 9:00 a.m. to 5:00 p.m....

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Top 5 Tax Software For Mac Of 2018 - MacHow2 – MacHow2

Tax season tends to sneak-up very quickly after the holidays so we've looked at the very best tax software for Mac in 2018 to help maximize your refund. We've covered everything here from small business tax software for Mac users to apps for S-Corp filing. For individuals, we also show how you can file tax returns for free with TaxSlayer . Note that all the programs featured here are for filing...

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Tax Offices – Find a Tax Professional | H&R Block®

Benjamin o February 2019

Quick and easy

H&R Block is a quick and easy way to file your taxes. The upfront pricing let's you know eactly what you are going to get and how much you will pay.

Happy customer o February 2019

Very Happy

Very happy, I just drop off my documentation and my tax preparer calls me with any questions and when things are ready for me to sign

Offer Details and Disclosures


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Depreciation - Wikipedia


(scrap value) 2,000

If the vehicle were to be sold and the sales price exceeded the depreciated value (net book value) then the excess would be considered a gain and subject to depreciation recapture . In addition, this gain above the depreciated value would be recognized as ordinary income by the tax office. If the sales price is ever less than the book value, the resulting capital loss...

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Date: 2018-03-16 23:36:48

Related topics : capital gains tax property percentage / capital gains tax property calculator canada / capital gains tax property calculator uk / building tax depreciation / income tax deduction calculator

Property Transfer Tax Calculator - Spagnuolo

First Time Home Buyer, or if they are purchasing a used home, not a new one.

Spagnuolo PTT Calculator

Tax on amount under $200,000:

Tax on amount over $200,000 & Less than $2,000,000:

Tax on amount over $2,000,000 & Less than $3,000,000:

Tax on amount over $3,000,000:

Total Tax:

First Time Home Buyer Exemption

The second calculator is to be used if the Buyer is a First Time Home Buyer. Just a reminder, a FTHB means the Buyer

has never have owned an interest in a principal residence anywhere in the world at any time;

is a citizen of or a permanent resident of...

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Related topics : property tax calculator / individual income tax return filing / income tax e file return / resident income tax return / tax income return calculator

Speculation and Vacancy Tax Act -

Meaning of "partnership interest holder"

4 � Subject to the exclusions, if any, in the regulations, an individual is a partnership interest holder in relation to an interest in a residential property registered in the name of a partner in a partnership if the interest in the residential property is partnership property and either of the following applies:

(a) the individual has an interest, as...

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Date: 2019-03-24 04:27:55

How to Complete a Canadian GST Return (with Pictures ...

hairstylist and barbershop services [43]


Determine whether you must register for the GST/HST. Generally speaking, anyone who provides taxable supplies in Canada must register for the GST/HST. There are, however, a few exceptions.

Small suppliers (other than taxi services) are not required to register for the GST/HST. Small suppliers are considered any sole proprietor or partnership making...

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Free Canadian Payroll Tax Deductions Calculator |

Additional deductions requested: Additional tax deductions requested by the employee for the pay period.

Taxable Income Deductions

Deduction for living in a prescribed zone: This is the annual deduction for living in a prescribed zone as indicated on the TD1 form .

Approved labour-sponsored funds purchase: Enter combined provincial and federal amounts for funds purchases that qualify for the labour-sponsored funds tax credit

Annual deductions ( eg. child-care expenses):...

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Date: 2018-03-22 07:49:16

Related topics : payroll federal tax deduction calculator / payroll tax deduction calculator canada / payroll tax deduction calculator / income tax deduction calculator quebec / free federal payroll tax calculator