tax

A mortgage is probably the reason why the majority of Canadians are able to become homeowners. But over time, you’ll pay thousands of dollars in interest that isn’t tax deductible. However, there is a way to … Read More

There’s a little more than a month left to file your personal tax return before it’s due. As usual, there have been some changes to a few tax credits so it’s time for a quick review … Read More

TFSAs are continuing to grow in popularity. The latest statistics from the Canada Revenue Agency (CRA) show there were more than 11.7 million TFSA holders in 2014—a 143% increase from 2009, the year they were introduced.

Here are some of the stories that caught our eye this week:

Taxes are a fact of life, but there are ways to reduce the amount you pay every year.

For most Canadians, a TFSA is a truly tax-free account. But for others, there are instances where you might have to pay tax.

People love to brag about being good negotiators, and won’t hesitate to tell you they’ve never left money on the table. Yet Canadian taxpayers consistently fail to claim deductions that could put money in their pockets.

It’s the last thing anyone wants to do at tax time—file a whole extra return.

Tax season is in full swing and if you haven’t had a chance to file your return yet, there a variety of software programs to choose from. Some are free while others will set you back … Read More

While it may seem like the Canada Revenue Agency (CRA) has all the power if you owe it money, the truth is there are strategies that you can put in place to deal with large tax … Read More