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 Guide: Virtual Currency

What tax rules apply when virtual currency is used to buy goods or services?

Guide for cryptocurrency users and tax professionals

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

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?”

Are Health Insurance Premiums Tax Deductions in Canada?

Canada’s provincial health plans cover most medical expenses. However, there are expenses which are not covered like health and dentalContinue reading “Are Health Insurance Premiums Tax Deductions in Canada?”