New to Canada? Take steps to boost your tax literacy

CRA Information, CRA Tax Tips, What's new from CRA / By Tax Admin

Canada Revenue Agency
New to Canada? Take steps to boost your tax literacy
In Canada, November is Financial Literacy Month — a month dedicated to helping people learn more about managing their personal finances. The Canada Revenue Agency (CRA) is part of this effort and we believe that everyone deserves to feel empowered by understanding their taxes.

It’s not just about following the rules, it’s making sure that you are getting the government payments you’re entitled to.

We know that taxes can feel overwhelming and confusing. You’re not alone —many people feel the same way. Together, we can tackle the challenges and make the process simpler for you. Get started now with our first steps to tax literacy!

Click here to learn more

Information source from Canada Revenue Agency (CRA)

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Ontario sales tax credit (OSTC)

ByTax Admin April 28, 2025 CRA Information,CRA Tax Tips,What's new from CRA

For payments based on your 2024 income tax and benefit return (July 2025 to June 2026), the program provides a maximum annual credit of $371 for each adult and each child in a family. If you are a...

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Ontario energy and property tax credit (OEPTC)

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The Ontario energy and property tax credit (OEPTC) is designed to help low- to moderate-income Ontario residents with the sales tax on energy and with property taxes. You apply for the current-year...

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Reminder – Disability Tax Credit

ByTax Admin April 14, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Before including the disability amount on an individual’s T1 income tax and benefit return, please ask your client if they have applied for the disability tax credit (DTC) before. Your client can give...

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Reminder – Phishing Scam

ByTax Admin April 9, 2025 CRA Information,CRA Tax Tips,What's new from CRA

The Canada Revenue Agency (CRA) has become aware of a new phishing scam targeting the tax preparation community, where bad actors are prompting EFILERs to log into a fake EFILE Sign in page to...

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Direct deposit changes impacting EFILERS and taxpayers

ByTax Admin March 31, 2025 CRA Information,CRA Tax Tips,What's new from CRA

The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard...

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Go digital and file your taxes online!

ByTax Admin March 23, 2025 CRA Information,CRA Tax Tips,What's new from CRA

It’s never been easier to do your taxes online. In fact, online filing gets you access to the benefits, credits, and refunds you may be eligible for even faster! Last year, approximately 93% of...

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Don’t miss out on free tax help – you may be eligible!

ByTax Admin March 16, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Doing your taxes each year can feel like a big job, but you don’t have to do it alone! If you have a modest income and a simple tax situation, you might be able to get help from a volunteer at a free...

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Reminder: Trust reporting for the 2024 tax year

ByTax Admin March 10, 2025 CRA Information,CRA Tax Tips,What's new from CRA

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Watch your limit when contributing to your Tax-Free Savings Account (TFSA)!

ByTax Admin March 3, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Are you saving for a car or a dream vacation? A TFSA is a great way to save tax-free. The TFSA is a way for individuals who are 18 and older and have a valid social insurance number (SIN) to save...