The History of Income Tax in Canada

Canadian income tax has a history spanning 100 years; from the Income War Tax Act of 1917 to the income tax system as we know it today. Not only has the system steadily evolved, but has been...

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Claiming Airbnb Income to the CRA

Airbnb has sent a reminder to its 55,000 Canadian host that they must claim their short-term rental income. Even if you only rent out one room periodically, it is still considered income and must...

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Homes Sold Last Year Must Be Reported to CRA

As part of the Liberal government’s tightening of mortgage lending rules last October, Canadians who sold their homes in 2016 must report it to the Canada Revenue Agency in their income tax...

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