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Canada Revenue Agency performs audits on an ongoing basis to promote compliance with tax laws and to ensure that the tax system remains fair for all and, of course, to collect additional tax revenue. Tax audits can be triggered in various ways. They may be by random selection; chosen by computer selection criteria; based on ...
Tax Tips For First-Time Home Buyers Owning a house these days is more difficult and a great financial responsibility for young people. Many people shopping around the real estate market for the first time often only know the kind of house they are looking for, and are not aware of the incentives the Federal and ...
The new Home Renovation Tax Credit can assist homeowners who are renovating their home. The tax credit amounts to 15% of qualifying expenditures, to a maximum tax credit of $1,350. You claim the tax credit when you file your 2009 income tax return, and it is non refundable. This means that the tax credit is ...