TaxTron Blog

Based on new legislation in Bill C-32, trusts with taxation year after December 30, 2023 and subsequent tax years, are required ...

If you own a cottage in addition to your principal residence and plan to leave the cottage to your loved ones after you are gone, there...

The Canada Pension Plan (CPP) retirement pension is a monthly, taxable benefit that is meant to supplement your income when you retire....

The new release of TaxTron Web Pro (T1, T2, T3, Combo) slated for release in July 2023, is equipped with a new domain verification tool...

An Estate plan can be defined as a collective term for an individual's Last Will, Health and Personal Care Power of Attorney and a Powe...

This blog deals with the basics of a trust as an instrument to be used for estate planning. We will outline different kinds of trusts an...

In many publicly-traded companies, employers often grant security options to their employees as part of their benefits. The options pro...

Eligible child care expenses may be deducted from taxable income if they meet certain criteria. Child Care expenses are expenses incurr...

There are several types of investment income which have to be reported on various lines in your T1 return. In this blog we will discuss...

In addition to other customisable features in the new release of TaxTron Web Pro (T1, T2, T3, Combo) slated for release in July 2023, Ta...

Coping with the death of a loved one is difficult and a huge emotional loss. Nevertheless, it is critical to follow appropriate reportin...

Death is considered to be a taxable event in Canada. All obligations of the deceased to pay tax or file returns at the time of death be...