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Frequently Asked Questions: Individuals

Welcome to the McIntyre & Associates frequently asked questions page. We update this section as new questions arise. To scroll through all of our individual FAQs, click here.

Authorization

• Can McIntyre & Associates call the government for me?

Automobile

• How much can I be paid tax free from my employer for the use of my car?

• Can I deduct the use of my car?

• Should I lease or buy my automobile?

Tax

• What is the tax rate on capital gains?

• How long can I use my capital losses?

• When is my personal income tax return due?

• When are my personal income tax payments due?

• Do I have to make instalment payments?

• What is the maximum RRSP contribution I can make?

• Can I over contribute to my RRSP?

• What are the personal tax rates in Ontario?

• What are the prescribed interest rates that apply to amounts owed to CRA, and to amounts CRA owes to individuals?

• What is the filing deadline to file an objection to a Notice of Assessment or a Notice of Determination issued under the Income Tax Act?

• What is Form T1135, Foreign Income Verification Statement?

• What is the tradesperson's tools deduction?