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tax deductions

Income Tax Return Deduction Refund Concept

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What’s new (and gone) for your 2025 tax return, due April 2026

Filing your 2025 taxes in 2026? Here are the key changes, cancelled credits, and CRA updates Canadians need...

What’s new (and gone) for your 2025 tax return, due April 2026
It's worth looking at the list of tax benefits that may apply to you, both federally and by province or territory. A person looks at the Canada Revenue Agency MyCRA login screen in a photo illustration in Toronto, Saturday, Feb. 28, 2026.

Taxes

Smart strategies to maximize your tax return

Experts share tips to maximize your tax return, from keeping receipts year-round and combining credits to carrying forward RRSP...

Smart strategies to maximize your tax return
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Should you claim capital cost allowance on a rental property?

Rental property investors need to report their annual income and expenses on their tax return. You must also track...

Should you claim capital cost allowance on a rental property?
A person looks at the Canada Revenue Agency MyCRA login screen in a photo illustration in Toronto, Saturday, Feb. 28, 2026. THE CANADIAN PRESS/Giordano CiampiniA person looks at the Canada Revenue Agency MyCRA login screen in a photo illustration in Toronto, Saturday, Feb. 28, 2026.

Taxes

Tax season can bring some respite to parents with credits, deductions

From child care deductions to tuition credits, several tax breaks can help parents lower their tax bill. What families...

Tax season can bring some respite to parents with credits, deductions

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Family budget and finances. Young woman doing accounts together with her husband at home, planning new purchase. Serious female in glasses holding piece of paper and making necessary calculations SSUCv3H4sIAAAAAAAEAJ2QzW7DIBCE75X6DhZnW8JQE9NXiXrAQNxViakAp6oiv3v5s8S5N+abHWD2+frSdWgRHiR6755JRQ3G7D44EcBuEeO+cq0gWAfCJJjYkR3kgwi71z5dUZEUQa9xtsCaP9+5Ft2dRjZjIloI9Q3z+5LZiY7+38ly+DiriFVv8jd/uCnitNGiFLmWUfT1E7S7t9UeoLRttNgV2Kblw0phUoA2N387kLCtTcyGT+3ajcWV23sDNhvyT2oxpOJKkxzpSNjMCJknTDDlZKoDoJIt8SwmfpkHrvBteMOUDJzTy0DZNN9GRhjhS1zL8QegCWUK+wEAAA==

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What are the tax implications of a donation?

Learn how charitable donations can reduce your taxes in Canada, which organizations qualify, and strategies for couples and investors...

What are the tax implications of a donation?

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Did the CRA flag your tax return for review? Here’s what to do

If you get a letter from the Canada Revenue Agency about your income tax return, here’s what it could...

Did the CRA flag your tax return for review? Here’s what to do

Jacks on Tax

How to save on your taxes with automobile logs

You can deduct a lot for valid automobile expenses, but you’ll need to keep a detailed record of your...

How to save on your taxes with automobile logs
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How your net income gets calculated for tax and OAS

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...

How your net income gets calculated for tax and OAS

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Borrowing from your HELOC to invest in equities

You can use a HELOC for leveraged investing. But what happens if you sell your home and want to...

Borrowing from your HELOC to invest in equities

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