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Making the most of the Tax-Free Savings Account program (September 2025) Tax-free savings accounts (TFSAs) have been a part of the Canadian …
When the CRA comes calling – dealing with the return verification process By the time the end of summer approaches, the tax …
Making use of the First Home Savings Account program The Canadian tax system provides a number of opportunities for taxpayers to save …
Using the CRA’s online services – signing up for My Account Over the past few decades the Canada Revenue Agency, like many …
Making the RRSP decision when you turn 71 According to numbers released by Statistics Canada there were, as of July 1, 2024, …
Receiving a first Installment Reminder from the Canada Revenue Agency By the time summer arrives, Canadian taxpayers have filed their income tax …
When Help is Available Under the CRA’s Taxpayer Relief Provisions While most Canadians are familiar with the obligation to file an annual …
Trade War Supports For Canadian Employees – Changes to the Employment Insurance System The current trade and tariff dispute between Canada and …
Getting Tax Help With Summer Child Care Costs The work-from-home arrangements which were ubiquitous throughout the pandemic and, to a lesser degree, …
The Cost of Moving – What’s Deductible and What’s Not As of the end of May 2025, there were just under 202,000 …
The Start Of A New Benefit Year – What Can You Receive In 2025-26? Most Canadians, understandably, think of our income tax …
Coming Clean With The Tax Authorities – Making A Voluntary Disclosure While it’s unlikely that they do so with any great degree …
A Mid-Year Check-Up On Your Taxes For 2025 By mid to late June 2025, most taxpayers have filed their tax return for …
Caregivers – getting help through the tax system Regardless of their particular circumstances, Canadians who act as unpaid caregivers for disabled, elderly, …
Financing The Political Process – The Political Contribution Tax Credit To win elections, politicians need votes. And to run the election campaigns …
When You Don’t Agree With The CRA – Disputing Your Notice of Assessment While no two tax returns filed with the Canada …
When Keeping Up With Mortgage Payments Becomes A Problem – Where (& Where Not) To Turn For Help At first glance, it …
Fixing A Mistake On Your (Already Filed) Tax Return It’s likely that very few Canadians view completing and filing the annual tax …
Making Sure You Don’t Fall Victim To A Tax Scam Most Canadians live their lives with only very infrequent contact with the …
Planning To Avoid the Old Age Security Clawback When Canadians gather together the information slips, receipts, and other documents needed to prepare …
What To Do When You Can’t Pay Your Tax Bill On Time? Most taxpayers sit down to do their annual tax return …
How, when, and where to pay your taxes for 2024 Notwithstanding the considerable complexity of the Canadian income tax system, there is …
The CPP post-retirement benefit – deciding whether to continue contributing A few decades ago, retirement, for most Canadians, was an event which …
Some Last-Minute Tax Filing Strategies – What (And What not) To Claim While it’s true that the best year-end tax planning starts …
What’s New On The tax Return For 2024 While the tax return form that Canadians prepare and file each spring might look …
Pension Income Splitting For The 2024 Tax Year For most Canadian retirees, careful financial management is a necessity. Most live on an …
Reporting Online Income On The 2024 Tax Return The Canadian tax system casts a very wide net, in which each resident of …
How To Respond to A Tax Instalment Reminder While virtually every working Canadian pays income taxes, the process by which those taxes …
RRSPs, TFSAs, and FHSAs – making the annual choice For most taxpayers, the first few months of the year can seem to …
Employment Insurance premiums for 2025 The Employment Insurance premium rate for 2025 is set at 1.64%. Yearly maximum insurable earnings are increased …
Figuring out when you can afford to retire While almost everyone looks forward to retirement and an end to the day-to-day demands …
Canada Pension Plan contributions for 2025 As of 2024, there are two contribution levels for the Canada Pension Plan (CPP). Income amounts …
Federal individual tax credits for 2025 Tax credit amounts on which individual non-refundable federal tax credits for 2025 are based, and the …
Federal individual tax rates and brackets for 2025 The indexing factor for federal tax credits and brackets for 2025 is 2.7%. The …
Tax Deadlines And Limits For The 2025 Tax Year Each new tax year brings with it a schedule of tax payment and …
Some new tax breaks from the federal government On November 21, the federal government announced two new measures intended to relieve some …
Tax consequences of holiday gifts and celebrations It seems incongruous, in the season of holiday gifts and celebrations, to consider the possible …
Tax planning steps to take before December 31 December 31 , 2024 marks not just the end of the calendar year, but …
New rules for reporting of income from online sales Canada’s income tax system is a self-assessing one, in which residents of Canada …
Claiming home office expenses for 2024 It has been nearly five years since the start of the pandemic, and the work-from-home arrangements …
Year-end planning for your RRSP, RRIF, and TFSA For most Canadians, the subject of making RRSP or TFSA contributions, or making RRIF …
Looking ahead to 2025 – getting source deductions right from the start For most Canadians, tax planning for a year that hasn’t …
Tax planning for year-end charitable donations Canadians have a well-deserved reputation for supporting charitable causes, through donations of both money and goods. …
Claiming the Canada Carbon Rebate Residents of the eight Canadian provinces in which the federal fuel charge (more commonly known as the …
Deciding when to begin receiving Old Age Security benefits The Old Age Security (OAS) program is one of the two major federal …
Tax planning for year-end charitable donations While the need for charitable donations for any number of causes is a year-round reality, appeals …
Finance Announces Additional Changes To Mortgage Lending Rules In the 2024-25 Federal Budget released earlier this year, the federal government announced changes …
Year-end planning for medical expense claims While the current state of the Canadian healthcare system is far from perfect, Canadians are nonetheless …
Claiming the Canada Child Benefit (September 2024) Canada’s tax system is a self-assessing one, meaning that the onus rests on individual taxpayers …
When help is available under the CRA’s Taxpayer Relief Provisions Canada’s tax system is a self-assessing one, meaning that the onus rests …
Deciding when to begin receiving Old Age Security benefits The past five years have been a tough financial slog for most Canadian …
When are legal fees deductible? In most cases, the need to seek out and obtain legal services (and to pay for them) …
When are legal fees deductible? In most cases, the need to seek out and obtain legal services (and to pay for them) …
Some Tax Breaks For The Upcoming Post-Secondary School Year By the middle of August, most students who are beginning post-secondary education this …
Making the RRSP decision when you turn 71 During the 2024 calendar year, hundreds of thousands of Canadians will reach their 71st birthday, …
Another option for retirement income planning Most Canadians contemplate retirement with a mixture of anticipation and trepidation. While the benefits of an …
Tax planning for year-end charitable donations This year, the Canada Revenue Agency (CRA) will receive and process more than 30 million individual …
More help for first time home buyers As everyone knows, buying one’s first home – achieving that elusive first step on to …
How to know you’re really hearing from the CRA Most Canadians rarely have reason to interact with the tax authorities, and for …
How, when, and where to pay your taxes for 2023 Our tax system is, for the most part, a mystery to individual …
Some last-minute tax filing strategies – what (and what not) to claim Most Canadians don’t turn their attention to their taxes until …
What’s new on the tax return for 2023? While our tax laws require Canadian residents to complete and file a T1 tax …
Taking advantage of pension income splitting Income tax is a big-ticket item for most retired Canadians. Especially for those who are no …
How to respond to a tax instalment notice Sometime during the month of February, millions of Canadians will receive some unexpected mail …
Figuring out when you can afford to retire While almost everyone looks forward to retirement and an end to the day-to-day demands …
Canada Pension Plan Contributions Changes made to the Canada Pension Plan (CPP) beginning in the 2024 calendar year will create a two-tier …
Tax deadlines and limits for the 2024 tax year Each new tax year brings with it a schedule of tax payment and …
Getting help from the Taxpayer Relief Program While most taxpayers pay their annual income tax bill in full and by the tax …
Figuring out whether you can afford to retire now (December 2023) While almost everyone looks forward to retirement and an end to …
Potential tax consequences of holiday gifts and celebrations During the month of December, it’s customary for employers to provide something “extra” for …
Changes to the Canada Pension Plan starting January 1, 2024 Everyone in Canada who earns a salary or wages is familiar with …
Planning for home office expense claims for 2023 When the pandemic struck in March of 2020 and public health lockdowns were imposed, …
Looking ahead to 2024 – getting source deductions right from the start The day-to-day financial impact of increases in interest rates over …
New measures to assist at-risk homeowners The 10-fold increase in interest rates since March of 2022 has affected Canadians in almost every …