Can seniors claim home renos on a tax return? If so, which ones?
Canadian seniors may be eligible for a tax credit on safety-related home renovations. Let’s look at the credits available...
Taxes
How is a non-registered account taxed upon death?
Here’s a primer for Canadians planning for the tax payable on a non-registered account at death, including capital gains...
Moving money from RRSPs, RRIFs and TFSAs in retirement
To have liquidity and reduce taxes, Canadians can move money between registered accounts. But what are the tax, contribution...
Tax due dates, credits and more: Your 2024 income tax return guide
We have everything you need to know about tax credits, changes and deadlines, and more. Get the info you...
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CRA to continue administering changes to capital gains tax during prorogation
The increase to the capital gains inclusion rate is going ahead—at least for now, says Canada’s Finance Department.
How prorogation will impact capital gains tax changes in Canada
The Canada Revenue Agency has yet to offer guidance on how the Liberals’ capital gains tax proposal will be...
How does a spouse’s death impact your TFSA contribution room?
A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the...
Changes to Canada’s tax brackets, CPP contributions and more in 2025
It's a new year. What financial changes will take effect in Canada in 2025?
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How to create a CRA account
Having an online CRA account makes it easier to manage your income taxes and government benefits at tax time...