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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 …
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 …