Free Money Is Coming — Here’s If You Qualify The federal government just made one of the largest enhancements to the GST credit in Canadian history. Prime Minister Mark Carney’s […]
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Just Had a Baby? Here’s What Changes on Your Tax Return
Baby’s Here — And So Is a Brand New Tax Situation Having a baby changes everything. Including your taxes. Whether you gave birth in 2025 or welcomed a new little […]
Got Married? Here’s How It Changes Your Taxes in Canada
Congrats on the Wedding — Now Let’s Talk About Your Taxes Getting married is a big deal. And while no one wants to spend their honeymoon thinking about the CRA, […]
Your 2026 Paycheque Got a Little Bigger — Here’s Why
You Didn’t Get a Raise — But Your Paycheque Might Be Bigger Anyway Starting in 2026, the federal government quietly dropped the lowest income tax bracket from 15% to 14%. […]
Welcome to the $100K Club: How to Make the Most of Your $109,000 TFSA Room in 2026
Welcome to the $100K Club — Your TFSA Just Hit a Milestone If you’ve been eligible for a Tax-Free Savings Account (TFSA) since it launched in 2009, your total lifetime […]
Filed Your Canadian Taxes Wrong? Here’s How to Fix It Fast
Made a mistake on your tax return? Don’t worry. It happens to lots of people. Maybe you forgot a T4 slip, missed your RRSP contributions, or typed the wrong number. […]
What Is a Progressive Tax System in Canada?
Income Split into Bands Your earnings are divided into portions, and each portion is taxed at its own rate. Higher Rates Only on Extra Dollars You only pay the higher […]
Leaving Canada? Everything You Need to Know About the Departure Tax
So, you’re planning to leave Canada and start a new life abroad? Congrats on the new adventure! But before you get too excited about exchanging money and booking flights, there’s […]
Why Your Costco Chips Are Taxed: The Hidden Rules of Canada’s Snack Tax
Snack Fans, Take Note: What’s That “Mystery Tax” on Your Costco Receipt? Ever had this happen? You’re cruising through Costco, cart loaded with goodies, and everything’s going great—until you check […]
Understanding the T2 Corporate Tax Return: Key Schedules Explained
Filing a T2 Corporate Income Tax Return is a mandatory annual requirement for most incorporated businesses in Canada. This return is used to report income and calculate taxes owed to […]