Tag: income tax tips

Family Tax Deductions: What Can I Claim?

Being a mom has been the most incredible experience of my life so far – even including all those sleepless nights. It’s also very expensive, and according to a 2015 study by MoneySense Magazine, it costs on average $13,366 per year to raise a… Continue Reading “Family Tax Deductions: What Can I Claim?”

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?”

Are You Married in the Eyes of the CRA?

Does “it’s complicated” describe the status of your relationship? If you’re living with your better half, but haven’t made it official, you might be wondering how the Canada Revenue Agency (CRA) views your relationship with your partner. Claiming your relationship properly on your taxes… Continue Reading “Are You Married in the Eyes of the CRA?”

Sold Your Home This Year? Here’s How it Could Change Your Tax Return

If you packed up and sold your Home Sweet Home (a.k.a. your principal residence), there’s some new things to know when it comes to your taxes. Whether you moved down the street or across the country, the Canada Revenue Agency (CRA) wants to stay… Continue Reading “Sold Your Home This Year? Here’s How it Could Change Your Tax Return”