Tag · Canada
employment income
Loopholes Tagged "employment income"
Plain-English guides to Canadian legal rights and workarounds related to employment income.
Easy If You Pay Taxes
Moving Expense Deduction — Deduct Relocation Costs When You Move for Work or School
Canadians who move at least 40 kilometres closer to a new job, business, or post-secondary school can deduct a wide range of eligible moving expenses directly from their income.
Hard If You Pay Taxes
Employment Stock Option Deduction — Reduce Tax on CCPC Stock Options by 50%
Employees of Canadian-controlled private corporations who exercise stock options may qualify for a 50% deduction that cuts the effective tax rate on option gains roughly in half — if the right conditions are met.