Canada

Tax-Free Canadian Income

2018-01-17T15:33:48+00:00

Almost all income you earn in Canada is considered taxable income.  However, the Canadian government has deemed some income as exceptions to the taxable rule. You do not have to report certain amounts in your income, including the following: any GST/HST credit and Canada Child Benefit payments, including those from related provincial or territorial programs; child assistance payments and

Tax-Free Canadian Income2018-01-17T15:33:48+00:00

Newcomer to Canada? What You Need to Know About Your Taxes

2017-06-21T15:23:11+00:00

If you are a newcomer to Canada for all or part of a tax year (January 1 to December 31), you need to do your taxes (file an income tax and benefit return) if you receive or want to receive certain benefits and credits, want to claim a refund, or have to pay tax.

Newcomer to Canada? What You Need to Know About Your Taxes2017-06-21T15:23:11+00:00

Charitable Donations Can Help You Save on Your Taxes

2016-11-16T14:02:15+00:00

A 2015 Statistics Canada report revealed that 82{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} of Canadians made financial donations totalling $12.8 billion to charitable or non-charitable organisations in 2013.   Giving where it counts makes a difference not just to those in need, but also for you come tax time.  The federal government offers tax benefits, like the Charitable Donation Tax Credit

Charitable Donations Can Help You Save on Your Taxes2016-11-16T14:02:15+00:00

Let Moving Expenses Work for You

2016-11-09T14:13:46+00:00

Moving can be stressful, not to mention expensive. Whether you are moving because of your growing family, job relocation, downsizing, retirement, or school, your finances will be affected by the costs.  However, depending on the circumstances of your move, you may be eligible for tax relief from the government. Under Canada’s Income Tax Act, if

Let Moving Expenses Work for You2016-11-09T14:13:46+00:00

More Money with the New Canada Child Benefit

2016-07-20T12:52:22+00:00

The federal government will be rolling out the new Canada Child Benefit (CCB) on July 20, 2016.  The program is intended to put more money in the hands of families, and the federal government anticipates that under this new child benefit package most families will receive higher payments than under the old Universal Child Care

More Money with the New Canada Child Benefit2016-07-20T12:52:22+00:00

Own Foreign Property That Needs to be Reported to CRA?

2015-12-10T15:49:29+00:00

Taxpayers who own specified foreign property costing more than $ 100,000 but less than $ 250,000 throughout the year can now file Form T1135, Foreign Income Verification Statement using a new simplified reporting method. All Canadian resident taxpayers are required to file Form T1135, Foreign Income Verification Statement if, at any time in the year,

Own Foreign Property That Needs to be Reported to CRA?2015-12-10T15:49:29+00:00

Are you new to Canada?

2014-03-06T09:17:30+00:00

If you are a newcomer to Canada for all or part of a tax year, you may need to file an income tax and benefit return if you have to pay tax, want to claim a refund, or receive benefits.You become a resident of Canada for income tax purposes when you establish significant residential ties

Are you new to Canada?2014-03-06T09:17:30+00:00

Government of Canada supports search and rescue volunteers with new tax credit

2014-02-20T18:16:47+00:00

The search and rescue volunteers tax credit will be available to search and rescue volunteers who perform at least 200 hours of eligible service during a year, and provides up to $ 450 in tax savings for these dedicated individuals as they serve their communities. The new tax credit builds on the Government’s record of

Government of Canada supports search and rescue volunteers with new tax credit2014-02-20T18:16:47+00:00

CRA Reminds Canadians: Beware of Phishing Schemes

2013-12-10T14:28:56+00:00

Ottawa, Ontario, December 10 2013... The Canada Revenue Agency (CRA) warns all Canadians to beware of telephone calls, mail, or email that claim to be from the CRA but are not. These are phishing scams that could result in identity thefts. Email scams may also contain embedded malware, or malicious software, that can harm your

CRA Reminds Canadians: Beware of Phishing Schemes2013-12-10T14:28:56+00:00

Canada Revenue Agency Announces Maximum Pensionable Earnings for 2014

2013-11-01T09:28:00+00:00

Ottawa, Ontario, November 1, 2013... The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $ 52,500—up from $ 51,100 in 2013. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and

Canada Revenue Agency Announces Maximum Pensionable Earnings for 20142013-11-01T09:28:00+00:00