Category: Personal Tax

Who Can Claim Moving Expenses?

For many Canadian families, moving can be an exciting adventure. The thrill of a new location brings new friends and new experiences. But moving can also be an expensive endeavour. Bills for moving services, real estate commissions, legal fees, and changing utility accounts add… Continue Reading “Who Can Claim Moving Expenses?”

Are My Prize or Lottery Winnings Taxed?

If you won the lottery tomorrow, what’s the first thing you’d do? Would you track down a mint 66 Shelby? Or travel the globe to exotic destinations? No matter what your dreams are, if your winnings are from a Canadian lottery, you’ll be able… Continue Reading “Are My Prize or Lottery Winnings Taxed?”

Are You Eligible for the Working Income Tax Benefit?

Most of us want to make sure we’re getting the maximum tax refund possible and every benefit we deserve, especially if finances are tight. So, if you’re asking yourself if you’re eligible for the Working Income Tax Benefit, you’re in the right place. The… Continue Reading “Are You Eligible for the Working Income Tax Benefit?”

Taking some time off to parent? Here’s how your taxes could change

Whether you have a bun in the oven, a new baby at home or are getting ready to adopt, you’re no doubt excited for this big change. Since your little addition comes with the new job of parenting, it’s no surprise that there will… Continue Reading “Taking some time off to parent? Here’s how your taxes could change”

7 Things to Know About Childcare Expenses

With all of the love and joy that kids bring into our lives, the reality is they also bring more expenses. Luckily, the Canada Revenue Agency (CRA) recognizes this and makes room on your tax return for some childcare expenses. We’ve broken down how… Continue Reading “7 Things to Know About Childcare Expenses”