Listings for income tax

Want to know the key differences between tax avoidance and tax evasion? Here are a few essential details to keep you out of trouble with the CRA.

The Canada Training Credit is a new, refundable tax credit meant to offer financial relief for tuition and course fees.

Tax season can be stressful. What does it really mean to have your taxes audited by the CRA, and how can you prepare?

Your tax deadline varies based on the type of tax return you’re filing. Typically, any amount owing becomes due and payable on the date of the deadlin... Read More

When it comes to filing your tax return this season, do you know which tax software is the best option for your needs?

Wondering which tax filing software is the best option for you? Check out the article to learn the benefits, drawbacks and reasons to use TurboTax or ... Read More

Anticipating owing the CRA this tax season? Here are some of the best ways to pay fewer taxes this year.

The penalty for filing a tax return late is 5% of the balance owing, plus 1% for every month the balance is outstanding, up to a maximum of 12 months.

When it comes to filing your taxes, it's important to understand all the tax credits available to you so you can maximize your return.

The T1213 form lets you request to have less tax withheld at the source. It works to either pay less tax on each pay cheque or on a specific amount of... Read More

The Canada Workers Benefit is a refundable tax credit for individuals earning a low taxable income of $3,000 - $24,112.

Everything you need to know about filing your 2020 taxes if you've received COVID-19 government benefits.

The DNSTC is a non-refundable tax credit offered to individuals who pay for digital news subscriptions to qualified Canadian journalism organizations ... Read More