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Tax Deductibility: Interest on Unpaid Property Taxes Eligible, Penalties Not Eligible

Tax Deductibility: Interest on Unpaid Property Taxes Eligible, Penalties Not Eligible

Learn about the tax implications of overdue property taxes in Canada: While interest on unpaid property taxes is eligible for tax deduction, penalties are not. Stay informed to make the most of your deductions.
Eva Jan 29, 2024
Exemption for imputed interest on short-term loans to employees

Exemption for imputed interest on short-term loans to employees

Interest-free or low-interest loans provided by the employer to employees does not qualify as a taxable benefit under these conditions: * The combined amount of all loans received doesn't exceed $10,000 within a calendar year. * The loan(s) last for 60 days or fewer. * The loan isn't obtained due to
Eva Dec 19, 2023
Simplify Invoicing with Our Dynamic Template!

Simplify Invoicing with Our Dynamic Template!

Streamline your invoicing process by using our dynamic template, offering the convenience of generating multiple invoices within a template effortlessly. Introducing our dynamic and user-friendly Invoice Template - your ultimate tool for hassle-free invoicing! Key Features and enhanced attributes: 1. Multiple Invoices Convenience: Generate numerous invoices effortlessly, each auto-sequenced based
Eva Aug 7, 2023

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