Everything You Need To Know About T4/T5 Season
As the T4, T4A, and T5 deadlines approach in Canada, it’s important to ensure that all necessary tax documents are filed on time. The deadline for filing these Canada tax … Read more
accounting
RRSP Contribution Limits Explained: How Much Can You Really Contribute?
Registered Retirement Savings Plans (RRSPs) are one of the most powerful tools available for building long-term wealth and reducing taxes. However, contribution limits are not always straightforward — especially when … Read more
Understanding the OAS Clawback in Canada (Old Age Security Recovery Tax)
If you’re receiving Old Age Security (OAS) benefits — or planning to — it’s important to understand how the OAS clawback works. Officially called the OAS Recovery Tax, this rule … Read more
How to Turn Learning Into a Tax Refund?
Upskilling, retraining, or staying current in your profession can be costly. To help offset these costs, the federal government introduced the Canada Training Credit (CTC) — a refundable tax credit … Read more
PSB: The CRA’s Red Flag
When contractors are engaged to provide services through their own corporation, it isn’t always as simple as “you’re an independent business.” In some cases, the Canada Revenue Agency (CRA) considers … Read more
Auditor General Slams CRA: Long Waits & Wrong Answers
Canada’s Auditor General has released a report on the Canada Revenue Agency (CRA), revealing major failures in how the agency handles taxpayer calls and provides information. The findings point to … Read more
How To Avoid Penalties on Source Deductions Remittances
If you’re an independent contractor or running your own incorporated business for the first time, “source deductions” might sound like yet another confusing tax term. But understanding them is crucial … Read more
CPP Changes 2026: How To Avoid Costly Mistakes
The Canada Revenue Agency (CRA) has announced key figures for CPP in 2026 that employers, employees and the self-employed must be aware of. Maximum pensionable earnings Contribution rates and maximums … Read more
How to Update Your Address with the Canada Revenue Agency (CRA)
If you’ve recently moved, it’s essential to inform the Canada Revenue Agency (CRA) of your new address right away. This ensures that your tax documents, benefit payments, and important correspondence … Read more
Understanding Canada’s Moving Expense Deduction
Relocating for a new job, to start a business, or to attend school full-time can be exciting — but it can also be expensive. Fortunately, the Canada Revenue Agency (CRA) … Read more