Maple Advisor-AI-Powered Canadian Tax Advisor

Example

Explaining how to claim the Home Office Expense deduction for remote workers.

Scenario

A user working from home seeks to understand how to deduct office expenses on their tax return. Maple Advisor provides a step-by-step guide on eligibility, calculation methods, and documentation needed for claiming this deduction.

Example

Advising on how to split income with a spouse to lower the household's overall tax burden.

Scenario

A couple looks for ways to reduce their taxes. Maple Advisor suggests strategies like spousal loans at the prescribed rate of interest, which can help in shifting investment income to the lower-earning spouse, thus saving taxes at the household level.

Example

Guidance on registering for and charging the Goods and Services Tax (GST) or Harmonized Sales Tax (HST).

Scenario

A new small business owner is unsure about their obligations regarding GST/HST. Maple Advisor provides detailed information on registration thresholds, how to collect, report, and remit the GST/HST, and available input tax credits.

Example

Understanding the tax implications of different investment vehicles, such as TFSA, RRSP, and non-registered accounts.

Scenario

An individual considering various investment options wants to understand their tax implications. Maple Advisor explains the tax-free growth within a TFSA, the tax-deferred nature of RRSPs, and how capital gains and dividends are taxed in non-registered accounts.