Canadian Tax System

9 chapters

Chapters

  1. 4 Other Indirect Taxes
    Canadian Tax System · 3:56
    Diving beyond income tax, this chapter unpacks four indirect taxes shaping Canadian life — carbon pricing, excise duties, luxury levies, and digital economy taxes — revealing how these hidden charges reach into everyday spending and business decisions.
  2. 5 Tax Credits
    Canadian Tax System · 4:04
    Dive into the world of Canadian tax credits, exploring key deductions like child-related claims and income-based benefits that can significantly reduce what you owe. You'll learn who qualifies, the dollar amounts involved, and the essential details needed to maximize your credits at tax time.
  3. 3 Immigration and Emigration Tax Issues
    Canadian Tax System · 3:21
    Crossing an international border triggers immediate and complex tax consequences, and this chapter unpacks the critical rules around residency thresholds, deemed dispositions, and fair market value assessments that apply when individuals move into or out of Canada.
  4. 3 Common Technology Deductions for Consultants
    Canadian Tax System · 3:23
    Discover three key technology deductions available to Canadian consultants, showing how everyday tools like laptops and digital equipment can reduce your taxable income under CRA guidelines.
  5. 2 Conference and Training Travel
    Canadian Tax System · 3:27
    Explore the tax rules around conference and training travel in Canada, including which expenses qualify as deductions when you travel outside your local area for professional development.
  6. 2 Capital Gains and Losses
    Canadian Tax System · 3:54
    Dive into the world of capital gains and losses as you discover which assets qualify as capital property under Section 1221 of the Canadian Tax System, and which everyday business assets don't make the cut.
  7. 1 Formation of a Corporation
    Canadian Tax System · 3:26
    Explore the essential steps and tax rules involved in forming a corporation in Canada, including how Section 351 allows business owners like Sarah to transfer assets without triggering immediate tax consequences when they maintain proper control of their new corporation.
  8. 3 Extended and Temporary Assignments
    Canadian Tax System · 3:10
    Covering the tax rules around extended and temporary work assignments, this chapter breaks down how to handle expenses, receipts, and claims when working away from your home base for an extended period.
  9. 1 Basis and Amount Realized
    Canadian Tax System · 3:42
    Explore the foundational tax concepts of basis and amount realized, learning how original cost and improvements determine your tax position when buying or selling assets like stocks and real estate.