Taxes

Net Income for Individuals and Businesses Explained

Net Income for Individuals and Businesses Explained

Learn how net income is calculated for individuals and businesses in Canada.

T778 Explained: Child Care Expenses Deduction

T778 Explained: Child Care Expenses Deduction

The CRA allows you to claim certain child care expenses for tax deductions. Here's what you should know about claiming deductions with the T778 form.

How Much Can You Earn Before Paying Taxes in Canada?

How Much Can You Earn Before Paying Taxes in Canada?

Wondering if you need to file a personal income tax? This guide provides key information on what you should know.

The Medical Expense Tax Credit: A Simple Guide

The Medical Expense Tax Credit: A Simple Guide

Here's what you need to know about the medical expense tax credit when filing your tax return in Canada.

Is CPP Taxable? YES, Here Are The Details

Is CPP Taxable? YES, Here Are The Details

Your Canada Pension Plan payments are subject to tax in Canada. Here's what you need to know.

Cryptocurrency Tax in Canada: Do I Need To Pay?

Cryptocurrency Tax in Canada: Do I Need To Pay?

Cryptocurrency gains may be great, but do not forget the tax implications of these gains in Canada. Here's how the CRA treats crypto tax in Canada.

The Dividend Tax Credit for Canadians Explained

The Dividend Tax Credit for Canadians Explained

Remember to claim the dividend tax credit if you've received investment income from qualifying Canadian corporations.

The Lifetime Capital Gains Exemption (LCGE) for Canadians Explained

The Lifetime Capital Gains Exemption (LCGE) for Canadians Explained

You may be eligible for capital gains tax deduction when you dispose of certain property. Find out more about the Lifetime Capital Gains Exemption.

Tax Returns & Refunds: Here’s When You Can Expect Them

Tax Returns & Refunds: Here’s When You Can Expect Them

Your tax return filing method can impact how soon you receive a notice of assessment from the CRA. This is how long it can take.

T1213 Form: Understanding When To Use It

T1213 Form: Understanding When To Use It

Use the T1213 form to reduce your taxable income and income taxes for a specific tax year, this is how you can do this.

Form T2209: Federal Foreign Tax Credits Explained

Form T2209: Federal Foreign Tax Credits Explained

If you have earned income from a foreign company while being a resident of Canada, the T2209 form helps you claim federal foreign tax credits.

A Guide to the T5 Tax Slip: Statement of Investment Income

A Guide to the T5 Tax Slip: Statement of Investment Income

As a Canadian resident, if you have earned investment income in a tax year then you need a T5 tax slip. Here's what you need to know about the T5.

What is a T1 Adjustment & How Do I Submit One?

What is a T1 Adjustment & How Do I Submit One?

Do you need to make an adjustment to your T1 tax filing? Check out our simple guide to making a T1 adjustment.

What is a T4 Tax Slip & How Do I Get Mine?

What is a T4 Tax Slip & How Do I Get Mine?

The T4 is an important tax slip used to file the Income Tax and Benefit Return if you worked for an employer in Canada. Here's what you should know.

How to Authorize or Cancel a Representative With The AUT-01 Form (Formerly T1013)

How to Authorize or Cancel a Representative With The AUT-01 Form (Formerly T1013)

Do you need to authorize or cancel a tax representative ? Learn how to do so by filling out the AUT-01 form (previously known as the T1013 form).

T2033 CRA Tax Form Explained

T2033 CRA Tax Form Explained

A T2033 is a form that you can fill to make entitled transfer payments between registered plans on a tax-free basis.

A Guide To Line 10100 On Your Tax Return

A Guide To Line 10100 On Your Tax Return

Line 10100 on your Income Tax and Benefit Return form represents your employment income. If you had to submit a tax return before the tax year 2019, this would have been known as line 101.

A Simple Guide To The T2200 Tax Form Declaration of Conditions of Employment

A Simple Guide To The T2200 Tax Form Declaration of Conditions of Employment

The T2200 is a form that declares the conditions of employment of an employee for work expenses incurred by the employee.

A Guide To Inheritance Tax and Estate Tax in Canada

A Guide To Inheritance Tax and Estate Tax in Canada

This article provides key insights on inheritance and estate tax in Canada.

A Guide to the Ontario Focused Flow-Through Share Tax Credit

A Guide to the Ontario Focused Flow-Through Share Tax Credit

Find out how you can claim a tax credit for your eligible investments in Ontario mining exploration.

All About The T5018

All About The T5018

Everything you need to know to successfully manage your construction-related tax filings, via the all-important T5018.

Everything You Need to Know About Capital Gains Tax in Canada

Everything You Need to Know About Capital Gains Tax in Canada

No one said taxes were simple! Here is everything you need to know about capital gains tax in Canada, so you can stay financially efficient.

The T1 General Tax Form: A Simple Guide

The T1 General Tax Form: A Simple Guide

Often referred to as the income tax and benefit return form, the T1 summarizes all income earned and any eligible tax credits, benefits, and returns.