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A Guide to 2023 GST/HST Exemptions: What Goods and Services …

WebSelf-employed and side-gig professionals in Canada may be required to collect and pay goods and services tax (GST) and harmonized sales tax (HST).

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URL: https://turbotax.intuit.ca/tips/a-guide-to-2023-gst-hst-exemptions-what-goods-and-services-are-exempted-16327

What Qualifies As Medical Expenses When Filing Taxes

WebMedical expenses may be one of the most under-utilized tax credits, says Hamilton, Ontario accountant Alan Rowell. The list of eligible expenses you can claim is …

Category: Medical Go Health

Deducting Premiums Paid for a Private Health Insurance Plan

WebTo claim the payments of your health plan premium, include them with your other eligible medical expenses and claim the credit on line 33099 of your return. If you …

Category: Medical Go Health

Medical Expenses & Taxes in Canada – METC & Eligible Expenses

WebYear one expenses = $8,400. Year two expenses = $7,775. If you claim each year independently, you’ll have to deduct the 3% in both years: Year 1 months 7–12 = …

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What is a T4 Slip and How Do You Get Yours

WebA T4 slip, or Statement of Remuneration Paid, is a document that summarizes all of the money paid by an employer to an employee during a calendar year. Most …

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A Guide to Claiming a Non-Resident Spouse and

WebKey Takeaways. You can claim a spousal credit on your non-resident spouse as long as your marriage is in good standing. Your spousal tax credit is the difference …

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Dietary Expenses Eligible for the Medical Expense Tax Credit

WebThe CRA understands how expensive it can be to buy gluten-free foods. If you suffer from celiac disease, you can claim the difference between gluten-containing …

Category: Food Go Health

Eligibility of Mobility-Related Expenses to the Medical Expense Tax

WebThe first broad category of expenses are those that relate to transportation. If, as a person with limited mobility, you need to modify your driveway to make access to …

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Claiming Medical Expense Travel Credits

WebTo claim transportation and travel expenses with the CRA, the following conditions must be met: If you traveled at least 40 km (one way) to get medical services, …

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Medical Expense Tax Credit for Other Dependants

WebThe Medical Expense Tax Credit for other dependants ( line 33199 of the federal return) is used to claim medical expenses for family members who are dependant …

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Medical expenses included on T4 2023 TurboTax® Canada Tips

WebIf you are claiming medical expenses for you and your spouse, make sure to add box 85 of her T4 as well. When you choose TurboTax, the software will …

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T2125 Tax Form: Declare Income and Expenses from a Business or

WebWhat is form T2125? The T2125 form is a Statement of Business or Professional Activities that is used to calculate your income as a self-employed person. …

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Which Dental Expenses Are Considered Deductible Medical …

WebMost, non-cosmetic, dental expenses are tax deductible. Let’s look at what can and cannot be claimed when filing your tax return, as well as how to claim these …

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The Big List of Small Business Tax Deductions

WebFor example, if you take your client to lunch or a hockey game, you can deduct 50% of the cost from your business income. Motor vehicle expenses. In addition …

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20 Popular Canadian Tax Deductions and Credits for Tax Year 2023

WebCanada Workers Benefit (CWB) is a refundable tax credit available for low-income individuals in the workforce. You may qualify for additional payments like the …

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Finding the Right Industry Code for Your Business Tax Return

WebIf you are filing your return through TurboTax Self-Employed, complete the “Profile” section firstly then under the “Income” tab, open the “Self-Employment” section …

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Québec Medical Expense Tax Credit 2023 TurboTax® Canada Tips

WebHis admissible medical expenses are $1,500. He can deduct medical expenses bigger than the smallest of A or B, where A is equal to 3% of his net income …

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T4 Tax Form: Salaried Income in Canada

WebIf you are a salaried employee, the T4 – Statement of Remuneration Paid tax slip is a summary of your employment earnings and deductions for the year. This slip is …

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