When preparing your taxes, a deduction that is often overlooked is carrying charges and interest expenses. These charges are costs you incur to earn income from an investment, but only expenses for non-registered accounts will qualify.
Sybille Schaufler Accounting Blog
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Shareholder loans refer to loans made by shareholders of a corporation to the corporation or from the corporation to the shareholder.
As we head into 2023, simplifying the process of filing your tax returns for 2022 is easily done through proper planning. Taking time to prepare your records can speed up the process of receiving a refund and reduce the cost of services provided by your accountant as they work to meet the tax filing deadline.
Now that we are into the 2022 income tax season, it is a good time to talk about the medical expense deduction on your personal tax return.