Personal TaxFAQs

I have a vacation property outside Canada and it is never rented out. The cost is greater than $100,000 CAD. Do I have file form T1135 with my personal tax return for this property?

Do I or my children need to be Permanent Residents of Canada for me to open an RESP account and contribute?

Do I have to report my income from hobby sales?

Can I deduct interest paid on loans?

Who can claim the Overseas Employment Tax Credit?

What happens if I over contribute to my RRSP?

I have very low or no income, do I need to file a tax return?

Do I need to keep a logbook to claim motor vehicle expenses on my return? What should I include in the book?

What’s the tax advantage of using a Health Welfare Trust?

How much can I deduct for past service contributions to a RPP while not a contributor prior to 1990?