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Personal Tax

2025 Personal Tax Planning Tips for Canadians As 2026 begins, this guide helps Canadians take the right steps throughout 2025 to minimize taxes, maximize deductions, and prepare for the 2025 tax filing season. With shifting…

Great News: Extra Time to Make Charitable Donations for Your 2024 Taxes If you’re planning to make a charitable donation and want to claim it on your 2024 personal tax return, you now have more…

CRA Online Mail: What Canadian Taxpayers and Businesses Need to Know The Canada Revenue Agency (CRA) is increasingly shifting its communication practices toward online mail, making it the default method for delivering correspondence to taxpayers…

Important Update: Bare Trusts Exempt from 2023 Trust Reporting Requirements Many unsuspecting citizens are now becoming aware of the Government’s recent roll out of the new reporting guidelines for trusts. These measures are aimed at…

Cracking Down on Non-Compliant Short-Term Rentals: What You Need to Know In the 2023 Fall Economic Statement, the Canadian federal government announced a significant move to deny the deductions for owners of non-compliant short-term rentals.…

Understanding the First Home Savings Account (FHSA) in Canada The First Home Savings Account (FHSA) is a tax-free savings account designed to help first-time homebuyers save up to $40,000 for a home purchase. Introduced through…

Retirement Hub by the Government of Canada Are you planning for your retirement? Do you want to learn more about your public pension options like the Canada Pension Plan (“CPP”) and Old Age Security (“OAS”)…

Understanding the Residential Property Flipping Rule in Canada The Residential Property Flipping Rule, introduced by the government of Canada for sales on or after January 1, 2023, is aimed at curbing the practice of buying…

What's New for Individual 2023 Tax Returns? Here is a quick summary of some of the major changes your 2023 personal tax returns that you should be aware of. Please note that your personal tax…

How to Claim Disability Tax Credit in Canada for ADHD This blog was contributed by Maria Soledad de Bilbao, who is a coach for people living with ADHD. Are you aware that there are provisions in…

Personal tax resources to make tax time simple! Using these resources is optional. Download whatever you believe is helpful for you to submit your 2025 personal taxes. When you use these resources to summarize your…

We're making personal tax season easier for you in 2024: We've done away with our massive, online checklist. Instead, we've designed an optional "tax organizer" that is meant to guide you on what to send…