Tax season is almost here! Whether you’re a seasoned filer or it’s your first time, having the essential information can save you time and stress. It could even put more money in your pocket. We want you to receive any refunds and benefit and credit payments you may be eligible for. During the last tax-filing …
What you need to know for the 2025 tax-filing season Read More »
You may be one of 2 million Canadians invited to use SimpleFile to automatically file your income tax and benefit return with the Canada Revenue Agency (CRA) for free this tax season! The CRA is inviting individuals to use the SimpleFile by Phone service again this year. You may also be invited to try out …
The Department of Finance announced today that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1, 2026. The announcement confirms the government’s intention that, effective for dispositions that occur on or after January 1, 2026. The inclusion rate will …
The Canada Revenue Agency (CRA) is working to ensure that you get the information you need about the taxes and benefits that apply to you. On December 30, 2024, the Department of Finance announced the federal government’s intention to amend the Income Tax Act to extend the deadline for making charitable donations eligible for tax …
Tax season is almost here, and you may be wondering if you should file a tax return. Regardless of the amount you make or where your income comes from, doing your taxes every year can help improve your financial situation. Get your paymentsWhether your income is tax-exempt, or you have no income to report, it …
Tax filing highlights for First Nations, Inuit, and Métis Read More »
Whether you’re a homeowner, are saving for your first home, or just bought your first home, there are tax incentives you should know about. These incentives could help you reduce housing costs and maximize your savings. The Canada Revenue Agency (CRA) is here to make sure you have the information you need to take advantage …
Here are the keys to unlocking housing-related tax savings! Read More »
The CRA will mail the 2024 income tax package to approximately 500,000 individuals this tax season. The package will be mailed to certain vulnerable individuals who filed their 2023 tax return on paper. It should arrive by February 24, 2025. The income tax package contains information and forms paper filers need to file their return. …
Planning to file your tax return on paper? Here’s what you need to know! Read More »
The CRA has published the payment rates for the Canada Carbon Rebate for Small Businesses. These rates will help businesses understand the financial benefits they can expect from this program. We are also introducing a new online tool that allows businesses to estimate their rebate amount based on their specific circumstances. The CRA plans to …
Canada Carbon Rebate for Small Businesses: Payment Rates and Online Estimator Read More »
Tax literacy means knowing how to make informed tax decisions with confidence. We are dedicated to boosting tax knowledge by helping you understand your tax responsibilities as well as the benefit and credit payments available to you. Click here to learn more Information source from Canada Revenue Agency (CRA) Learn more Section Title Learning about …
Learning about taxes can improve your personal finances Read More »
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 …
New to Canada? Take steps to boost your tax literacy Read More »
