CRA Tax Tips

Building a secondary unit for a senior or a family member with a disability? The Multigenerational Home Renovation Tax Credit (MHRTC), provides a refundable tax credit of up to $7,500 for constructing a secondary suite, starting in 2023. The value of the credit is 15 per cent of eligible expenses or $50,000 (whichever amount is less). For example, if …

New tax credit to help offset cost of adding a secondary unit for family Read More »

As we approach the 2023 tax season in Canada, it’s important to start thinking about preparing and filing your taxes for the 2022 tax year. Here are some key reminders and tips to help you get organized and avoid any last-minute stress. Know the deadlines: The deadline for filing your personal income tax return in …

2023 Tax Season is here! Read More »

Every year, CRA send letters to eligible Canadians inviting them to file their income tax and benefit returns with the CRA’s File my Return automated phone service. Learn More

Seniors, we’re here to help make sure you get all the benefits and credits that you may be entitled to! These tips will help you complete your income tax and benefit return and avoid interruptions to your benefit and credit payments Read More