TaxTron Blog

Tax Changes 2021 Amounts received related to COVID-19 If you received federal, provincial, or territorial government CO...

Support payments come in a variety of different types. Below is a quick guide for you to understand how these payments can a...

What is an Assignment Sale of a property? An assignment is a sales transaction where the original buyer of a property (the "a...

Autofill makes tax filing very quick and efficient! All information from the CRA will be automatically entered into your re...

So you’re wondering, how can I retire? Using your TFSA efficiently is one of the ways to do so. Canadian residents aged 18 an...

Do you receive any income from another country? Below are the key points to know if you must declare foreign income in Canada...

A principal residence is considered the primary residence, or main residence, that a person inhabits. A principal residence ...

Owning rental property provides income and allows deductions that you can claim on your tax return. These deductions include expenses...

Have you been injured or have a significant health condition? You may qualify for the Disability Tax Credit (DTC), ...

The Ontario Government has introduced a new tax credit called the “Seniors’ Home Safety Tax Credit”. It is refundable and a...

Most of Tax Preparation Softwares offer CRA's Express NOA Service! Certain tax preparation software products (

Uber and Lyft! Uber and Lyft drivers are considered self-employed. Therefore, they are required to report their

Divorce Or Separation! The breakdown of a marriage or common-law relationship may include financial settlements, custodial de...

Are you an employee, and your employer requires you to pay expenses to earn your employment income? If so, you can calculate your ex...

Softron has corporate clients from coast to coast and we are often asked about the pros and cons between salary and dividend. If you ...