Blog RSS Feed https://www.libertytaxcanada.ca RSS Feed for Blog Thu, 13 Oct 2016 11:51:51 EST Thu, 22 Aug 2019 17:20:51 EST en Umbraco HOW TO: Tracking and Reporting Your Cryptocurrency Investment Gains & Losses in Canada https://www.libertytaxcanada.ca/blog/how-to-tracking-and-reporting-your-cryptocurrency-investment-gains-losses-in-canada So you're new to the world of cryptocurrencies (who isn't), and you want to know what you're supposed to do when it comes to your Canadian taxes? Good news — we're here to help.   More good news — it's probably not as complicated as you think. And paying the taxes likely won't cost you as much as yo ... Tue, 13 Feb 2018 14:08:56 EST https://www.libertytaxcanada.ca/blog/how-to-tracking-and-reporting-your-cryptocurrency-investment-gains-losses-in-canada Taxation of the Bitcoin Bonanza https://www.libertytaxcanada.ca/blog/taxation-of-the-bitcoin-bonanza You could say the term “Bitcoin Bonanza” has been overused, but beyond the obvious alliteration, there is a reason the term has become so widely used in headlines throughout the world. The word “bonanza” harkens us back to the days of the American “Wild West” as gold was discovered on the West Coast ... Tue, 13 Feb 2018 14:07:56 EST https://www.libertytaxcanada.ca/blog/taxation-of-the-bitcoin-bonanza 7 Overlooked Tax Credits That Can Boost Your Refund https://www.libertytaxcanada.ca/blog/seven-overlooked-tax-credits-that-can-boost-your-refund It’s that time of the year again — tax time. The goal of taxes for you is to get the highest refund possible and get your hard-earned money back. To accomplish that, you have to use tax credits. Here are seven overlooked tax credits you might have forgotten to claim:   Transit Passes You can get a n ... Fri, 21 Apr 2017 14:47:35 EST https://www.libertytaxcanada.ca/blog/seven-overlooked-tax-credits-that-can-boost-your-refund Top 5 Tax Myths https://www.libertytaxcanada.ca/blog/top-five-tax-myths Nowadays, it seems like everyone thinks they’re a tax expert. No matter what you say to someone about your taxes, they’ll feel the need to give you their advice about it — whether or not they actually know what they’re talking about. This is how many ill-advised taxes are filed (or not filed) and pe ... Fri, 07 Apr 2017 15:02:59 EST https://www.libertytaxcanada.ca/blog/top-five-tax-myths Tax Tips for criminals https://www.libertytaxcanada.ca/blog/tax-tips-for-criminals We suppose it's probably tough being a criminal these days... considering all the new technology out there, an ever expanding police presence, and cameras everywhere. But just in case your own good moral judgment, the threat of jail, or well... any of the actual reasons to stay on the straight & ... Thu, 13 Oct 2016 17:23:38 EST https://www.libertytaxcanada.ca/blog/tax-tips-for-criminals Tax tips for the police https://www.libertytaxcanada.ca/blog/tax-tips-for-the-police A funny thing about taxes in Canada is that everyone has to do them... even the police. And it shouldn't surprise anyone that the Canada Revenue Agency treats police officers just like everyone else – there's no special tax treatment just because they put their lives on the line every day to uphold ... Thu, 13 Oct 2016 17:17:45 EST https://www.libertytaxcanada.ca/blog/tax-tips-for-the-police Disability Tax Claims https://www.libertytaxcanada.ca/blog/disability-tax-claims One of the most under-claimed tax credits in Canada might be the Disability Tax Credit. We've found there is a very large variety of fees charged for this claim, and some who consider themselves Disability Tax Specialists take a fairly high percentage of your refund to help with your disability tax ... Thu, 13 Oct 2016 17:15:53 EST https://www.libertytaxcanada.ca/blog/disability-tax-claims Federal donation “Super Credit” nearing an end https://www.libertytaxcanada.ca/blog/federal-donation-super-credit-nearing-an-end The feds have a relatively unknown tax credit that should make people pause when considering how to claim charitable donations over the next couple of years. The “First Time Donor's Super Credit” (FTDSC) is an incentive to donate to a registered Canadian charity that was introduced in 2013 and runs ... Thu, 13 Oct 2016 17:08:06 EST https://www.libertytaxcanada.ca/blog/federal-donation-super-credit-nearing-an-end Unless you live on someone's couch, you need the following home related tax information https://www.libertytaxcanada.ca/blog/unless-you-live-on-someones-couch-you-need-the-following-home-related-tax-information Did you relocate at any point over the last couple of years? Did you talk about this with your tax-preparer when you filed your tax return? Did you know that if you improve accessibility in your home for anyone living there who's over 65 you can get a tax credit for that? We've found that many Canad ... Thu, 13 Oct 2016 17:06:27 EST https://www.libertytaxcanada.ca/blog/unless-you-live-on-someones-couch-you-need-the-following-home-related-tax-information Meal claims for NON truck drivers https://www.libertytaxcanada.ca/blog/meal-claims-for-non-truck-drivers There are a variety of different transportation professionals who keep things moving and get our people where they need to go every day. Some have diesel (or aviation fuel) running through their veins, and for others it's just another job. Some spend a literal lifetime on the road, and others get ho ... Thu, 13 Oct 2016 17:03:29 EST https://www.libertytaxcanada.ca/blog/meal-claims-for-non-truck-drivers Tax advice for long-haul truckers https://www.libertytaxcanada.ca/blog/tax-advice-for-long-haul-truckers In recent years, the truck driving industry has seen an influx of drivers from all walks of life. It wasn't that long ago you would pull into a truck stop and the average truck driver looked a lot like the stereotypical image. Almost all truck drivers used to be men, and likely trucking may have run ... Thu, 13 Oct 2016 16:53:32 EST https://www.libertytaxcanada.ca/blog/tax-advice-for-long-haul-truckers Should my child file a tax return? https://www.libertytaxcanada.ca/blog/should-my-child-file-a-tax-return There is no age limit when it comes to filing tax returns – and that includes young folks too! So if you happen to be the proud parent of a 2 year-old child who is earning enough money that taxes are owing, it's a legal requirement that he/she files a tax return! Yes, even at two years old. But for ... Thu, 13 Oct 2016 16:34:11 EST https://www.libertytaxcanada.ca/blog/should-my-child-file-a-tax-return Top 10 ways to avoid fake CRA agents https://www.libertytaxcanada.ca/blog/top-10-ways-to-avoid-fake-cra-agents Top-ten lists have become a staple for comedians and late-night TV show hosts. Unfortunately, our list is no laughing matter. Thousands of Canadians are receiving phone calls from con-artists who pretend to be agents of the Canada Revenue Agency and demand that payment be made immediately. They're s ... Thu, 13 Oct 2016 16:08:45 EST https://www.libertytaxcanada.ca/blog/top-10-ways-to-avoid-fake-cra-agents