Have clients in northern Canada? Here are tax tips

For Canadians who live in the north, CRA offers two deductions: a residency deduction and a deduction for travel benefits.

To qualify for these deductions, the agency says, “You must have lived, on a permanent basis, in one or more prescribed northern or intermediate zones for at least six consecutive months beginning or ending in the tax year.”

For more, click here.

Also read:

Taxes for Canadians in the North (step-by-step instructions and link to interactive tax guide for Northerners)

Clients have unique tax needs? Here are tips

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The staff of Advisor.ca have been covering news for financial advisors since 1998.