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.
Taxes for Canadians in the North (step-by-step instructions and link to interactive tax guide for Northerners)
Originally published on Advisor.ca
Published at Tue, 28 Mar 2017 11:56:46 -0500