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 »
The Canada Revenue Agency provides a range of federal tax credits aimed at helping your business save money. By claiming these tax credits, you can lower your taxable income or lower the amount of tax you owe. To help you find which credits you may be eligible for, CRA have put together this handy resource. …
The CRA offers a variety of federal tax credits that can help your business save money Read More »
Are you a parent who is thinking of how to save for your child’s post-secondary education? The RESP is a long-term savings plan to help people save for a child’s education after high school, including trade schools, CEGEPs, colleges, universities, and apprenticeship programs. The best part is that anyone can open an account for a …
Registered Education Savings Plan (RESP) helps you save more for your children’s future Read More »
The Tax-Free Savings Account (TFSA) program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number (SIN) to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed as well as any …
Whether it be a threat from external bad actors, or taxpayers willfully submitting fraudulent returns, the CRA is standing on guard. Protecting taxpayer accountsIn today’s increasingly digital world, safeguarding sensitive information against constantly evolving threats is critical for every organization, including the CRA. The protection of taxpayer information remains one of our highest priorities. Recognizing …
The Canada Revenue Agency (CRA) has zero tolerance for fraud Read More »
Times are tough and despite the government’s efforts to support individuals with housing costs, the cost of living and homeownership continue to rise. Addressing affordability is essential to ensure all Canadians have access to safe and affordable housing options. Maybe one of these could help you! The First Home Savings Account gives prospective first-time home …
