When Are Gifts or Inheritances Taxable in Canada?
Receiving a gift or inheritance can feel like a financial blessing. But, as with most things in Canadian tax, there are a few “yes, but…” moments. The good news? Canada … Read more
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What’s New for the 2026 Personal Tax Season
Recording of our Webinar on What’s New For Personal Tax Season 2026 Every tax season brings a few changes, and while the 2025 personal tax year doesn’t introduce as many … Read more
Important Update: CRA Form T777 (Employment Expenses)
The Canada Revenue Agency (CRA) has announced that they need to make additional updates to Form T777 (Statement of Employment Expenses) due to recent proposed tax changes related to capital … Read more
Canada Workers Benefit Explained
The Canada Workers Benefit (CWB) is a refundable tax credit designed to support low-income individuals and families who earn working income. Because it is refundable, if the credit amount is … Read more
TD1X Explained: Personal Tax Tips and Tools
Navigating the world of personal taxes can feel like a maze, especially when your income is a mix of salary and commission. This blog will help you understand the intricacies … Read more
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) … 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