CEBA Loan Repayment Guide: What You Need to Know
CEBA Loan Repayment Guide: What You Need to Know When the pandemic began impacting Canadian businesses in early 2020, the government introduced the Canada Emergency Business Account...
Read MoreUnderstanding Taxes on Part-Time Income
Taxes apply to all earned income, including what you make from a part-time gig, whether you’re a student seeking extra cash or someone with a full-time job looking for ...
Read MoreUnderstanding Capital Gains: A Simple Guide
Have you recently sold some property or stocks for more than you initially paid? If so, well done on your profitable investment! It’s important to note, though, that you might need to include ...
Read MoreMaximize Your Tax Return: Top 20 Canadian Tax Deductions and Credits for 2023
When it comes to doing your taxes, everyone’s situation is unique. That’s why the CRA (Canada Revenue Agency) has outlined over 400 different tax deductions and credits. To make things...
Read MoreTips for New Homeowners on Handling Toronto’s Upcoming Property Tax Rise
Buying your first home in Canada is an exciting milestone, but if you’re in Toronto, you might face some changes soon. The city is considering a big 10.5% hike in residential p...
Read MoreUnderstanding the CRA Business Number (BN): A Guide for the Self-Employed and Small Business Owners
Congratulations on becoming self-employed or starting a side job to earn extra money! Amidst the excitement, you might have come across the term “business number” (BN) and wondered what ...
Read MoreNavigating Tax Mistakes: Essential Tips for Gen Z Side Hustlers
For many in Generation Z, side hustles are a way to make ends meet, save for future expenses, or just have a little extra cash. From ride-sharing and online sales to freelance work, these gigs can be ...
Read MoreNavigating Taxes as a Newly Married or Common-Law Couple
Congratulations on your new journey together! If you’ve recently tied the knot or entered a common-law partnership, life has likely thrown some exciting changes your way. Among these is figuri...
Read MoreOverview of Moving & Relocation Expense Deductions in Canada
Every year, a significant number of Canadians relocate their primary homes. If you’re among them and have moved to start a new job, begin a business, or pursue full-time education at a college o...
Read MorePublic Funding: A Boost for Small Business Owners
Did you know public funding can be a big help in getting your business up and running? We often hear about funding, but public funding might be new to you. It’s more than just business loans; ...
Read MoreNavigating GST/HST Deadlines as an Entrepreneur
As an entrepreneur, steering your business involves a myriad of tasks, including the crucial roles of tax collection and filing your GST or HST returns. It’s vital not to overlook these filing...
Read MoreImportant Tax Updates for Canadians in 2023
It’s that time of the year again—tax season. There have been several important changes to taxes that could affect you. To keep it straightforward, here’s a summary of the top 9 c...
Read MoreTax Filing Deadlines: What You Need to Know
Meeting tax deadlines is crucial for every taxpayer to avoid extra charges like interest or penalties and to get any refunds quicker. Here’s a simple guide to the key dates for this tax seas...
Read MoreIf the Canada Dental Benefit has you puzzled, don’t worry, we’re here to help explain it.
Understanding the Canada Dental Benefit The Canada Dental Benefit was set up to help families with dental costs for their children. Initially, it offered up to $650 per child under 12 w...
Read MoreOne-Time Grocery Rebate Explained
In 2023, the Canadian government rolled out a special Grocery Rebate to help eligible Canadians with their expenses. This was a one-off payment that matched twice the amount of the GST/HST credit ...
Read MoreAll About Charitable Donations and Your Taxes
Canadians are known for their generosity, with donations reaching around $10.6 billion every year. On average, each Canadian gives about $340 to their favorite charities. If you’re among the...
Read MoreWhat You Need to Know About the Climate Action Incentive Supplement for Smaller Communities
For quite some time, people living in Alberta, Ontario, Manitoba, Saskatchewan, and more recently in Nova Scotia, PEI, and Newfoundland & Labrador have been getting a bit of money back every three...
Read MoreFiling a Final Tax Return for Someone You’ve Lost
Losing someone you care about is hard, and there’s a lot to think about during this time. One thing that might not come to mind right away is that you’ll need to file one last tax return f...
Read MoreRealized a Mistake on Your Tax Return? Here’s What to Do
If you’re looking back at your tax returns and something seems off, and then it dawns on you that you’ve made a mistake on your taxes after you’ve filed them, don’t worry. Even...
Read MoreCould the Underused Housing Tax Affect You?
The Underused Housing Tax is a new 1% tax for owners of empty or rarely used homes in Canada, specifically if the owner isn’t a Canadian citizen or permanent resident. Put simply, if you own a h...
Read MoreMaximizing Your 2023 Student Tax Return: A Guide
Navigating your tax return as a student, whether you’re studying full-time or part-time, unlocks a range of credits specifically designed to enhance your refund or diminish the tax you owe. By i...
Read MorePayments to the CRA
Payment options for Businesses Do you have tax owing for your business and wondering how to pay CRA on time to avoid any unnecessary interest or penalties ? Find b...
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