FinGems Tax Blog

Charitable Donation Tax Credits: How to Give More and Pay Less Tax Donating to charity is good for the world, and Canada’s tax system makes it good for your wallet […]

How Tax Instalments Work in Canada: Who Pays and When Most employed Canadians never think about tax instalments because their employer deducts tax at source. But if you’re self-employed, earn […]

Year-End Tax Planning Checklist for Canadians December is your last chance to take actions that affect your current tax year. Once January 1 hits, many opportunities disappear. Here’s a practical […]

Disability Tax Credit (DTC): Who Qualifies and How to Apply The Disability Tax Credit is one of Canada’s most valuable but underused tax benefits. Many Canadians who qualify never apply […]

Moving Expenses Tax Deduction: When and How to Claim If you moved to start a new job, run a business, or attend school full-time in Canada, you may be able […]

Spousal RRSP: How Income Splitting Works for Retirement If you and your partner have a significant income gap, a Spousal RRSP is one of the most effective tools for reducing […]

Tax-Loss Harvesting for Canadian Investors If you have investments in a non-registered (taxable) account, tax-loss harvesting is one of the simplest ways to reduce your tax bill. It’s not a […]

Principal Residence Exemption: When Selling Your Home Is Tax-Free One of the most valuable tax benefits in Canada is the Principal Residence Exemption (PRE). It allows you to sell your […]

Side Hustle Tax Guide: How to Report Gig and Freelance Income in Canada Driving for Uber, selling on Etsy, freelancing on Upwork, tutoring, or running any kind of side business? […]

Tax Tips for International Students in Canada If you’re studying in Canada on a study permit, you probably need to file a Canadian tax return. Even if you earned very […]