A T2202A Tuition and Enrolment Certificate is a document that allows taxpayers to claim tax credits for amounts paid to certain schools, colleges, universities, etc. During tax season, one of the most important inclusions for Canadian post-secondary students when filing…
A T5018 is a T-Slip that is provided to subcontractors in the construction industry detailing how much they have been paid. It is similar to a T4 Slip that reports the amount of employment income that a taxpayer has received….
A T1013 form is an authorization form that allows someone to access, and make changes to your CRA Account (Social Insurance Number). What is a T1013 Form? Filing a T1013 Form authorizes a representative to represent you for income…
Passive income is income that is derived from the ownership of capital property or assets that generate income without excessive effort on the part of the stakeholder. Most of the time, passive income is considered taxable income in Canada. Sources…
