Monthly Archives: November 2010

Read more about the article Living Abroad And Becoming a Non-Resident
Non-Residents / Real Estate

Living Abroad And Becoming a Non-Resident

If you have left Canada to work in another country or are considering moving from Canada, it is important to consider the income tax consequences and your tax options. If you are a resident of Canada, then you are required to pay income tax on your woldwide income. Leaving Canada to take up residency in another country may not be enough to…

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November 29, 2010
Read more about the article Taxable Employment Benefits
By cliff1066 (CC 2.0) via Flickr
Personal Finance / Tax Planning / Tax Tips

Taxable Employment Benefits

The Income Tax Act has broad and general rules requiring most fringe benefits to be included in net employment income. The government wants to discourage employers from substituting tax-free fringe benefits for actual cash compensation to avoid income tax. In the end, the value of a benefit of any kind must be added to your employment income. Examples of Taxable…

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November 29, 2010