Latest Articles in Taxes
Taxes
The tuition tax credit can help post-secondary students in Canada lower their income tax bill in 2025. You can claim a percentage of tuition...
Taxes
A notice of assessment outlines the CRA's evaluation of your tax return. It includes your NETFILE access code, payment date deadline, tax as...
Taxes
The Ontario focused flow-through share tax credit offsets exploration costs for small mining firms, encouraging Ontarians to invest in speci...
Taxes
The HATC (Home Accessibility Tax Credit) is available to Canadians for home modifications that improve accessibility. The credit is up to $3...
Home Buying
The First-Time Home Buyers' Tax Credit allows you to claim up to $10,000 on your tax return – and then you're eligible for a tax credit to h...
Taxes
If you're moving for employment or education, moving expenses like meals and transportation may be tax deductible. Otherwise, there are limi...
Taxes
The federal Medical Expense Tax Credit (METC) in Canada allows you to deduct qualified medical expenses over $2,833 (2025 limit) or over 3% ...
Taxes
Ontario residents can claim eligible travel expenses in 2022 under the Ontario Staycation Tax Credit. Learn more about this tax credit here.
Taxes
Wealthsimple Tax is the best free tax software in Canada as it covers a variety of tax scenarios. TurboTax is a very close second, offering ...
Benefits
The federal 2025 disability tax credit (DTC) is $10,138. Provincial and territorial amounts vary, from $4,009 for Quebec residents to as muc...
Taxes
Your overtime earnings will be taxed at the same rate as your regular earnings, unless they push you into a higher tax bracket.
Taxes
A Canada RIT deposit is a tax refund from the CRA based on your tax return. The CRA will deposit this refund into your chequing account.
Taxes
For 2025, you’ll pay 15% tax on earnings up to $57,373. Anything over that is taxed more – but only the portion that falls in the higher bra...
Taxes
Sales tax in Canada varies based on the province and can be goods and services tax, provincial sales tax, or a combination of both types. He...
Taxes
Even if you’re new to Canada, filing your taxes for the first time doesn’t have to be complicated. Check out our guide for what documents yo...
Taxes
What is a T1 General form and why do you need one? Our guide provides you with the answers to these questions and more, covering everything ...
Taxes
A T4 is a tax slip from your employer showing how much you earned and how much tax was deducted in a year. You need it to file your income t...
Personal Finance
A while back, the CRA said it had accumulated more than one billion dollars in uncashed cheques. Have you checked to see if you have any CRA...
Taxes
This year’s tax deadline is April 30th, 2025, which falls on a Wednesday. If you’re self-employed, pay your taxes by June 16, 2025, since Ju...
Taxes
You pay capital gains tax in Canada on 50% of profits under $250,000 when you sell capital assets like stocks or real estate. In 2026, you’l...
