May 2021 Update: COVID-19 benefits and your taxes

The Canada Revenue Agency (CRA) is committed to putting people first and providing the income support that Canadians need duringContinue reading “May 2021 Update: COVID-19 benefits and your taxes”

Personal income tax: Get ready to do your taxes

Find out what’s new for 2020 and your filing and payment due dates, gather your documents to report income and claim deductions.

Essential Link: CRA Interest & Penalties / Relief

This page provides information (including a table of penalties and frequently asked questions) about penalties for late or improperly filed forms and information returns.

Guide for cryptocurrency users and tax professionals

This article outlines the income tax implications of common transactions involving cryptocurrency.

2020 Personal tax prep guide

The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.

Small Business Tax Strategies – Reduce Income Tax (2020)

There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some ofContinue reading “Small Business Tax Strategies – Reduce Income Tax (2020)”

2020 Personal Income Tax Changes You Need To Know

When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation and food are usually top ofContinue reading “2020 Personal Income Tax Changes You Need To Know”

3 Money Tips to Follow Before Baby Comes

I have found the biggest mistake young families make is not planning prior to the arrival of their children. The fact is,Continue reading “3 Money Tips to Follow Before Baby Comes”

What medical expenses can I claim on my taxes in Canada?

Medical expenses can be claimed on your tax return through the Medical Expense Tax Credit (METC).  The Medical Expense TaxContinue reading “What medical expenses can I claim on my taxes in Canada?”

Personal Accounting

If you have a checking account, of course you balance it periodically to account for any differences between what’s inContinue reading “Personal Accounting”