Tax Tips

Man filling out self employment taxes in Canada
Overview of Self-Employment Taxes in Canada
Most of the time, when you are employed, taxes are very straightforward. Most of the time, it’s just a T4
Piggy bank showing first time homebuyer tax credit in Canada
First-Time Home Buyers’ Tax Credit in Canada
You may be wondering if you can afford a place as a first-time home buyer. Luckily, the federal government offers
Capital cost allowance on chart
What is Capital Cost Allowance and why is it Useful?
You may be wondering what a capital cost allowance is. Well, this is the amount of amortized expense that the
Tax refund vs tax deduction
What’s a Tax Refund vs Tax Deduction
When it comes to tax season, the goal is to save as much money as you can, especially with the
Capital gains tax numbers on paper
What’s the Capital Gains Tax in Canada?
Before we get into capital gains tax, let’s first discuss what a capital gain is. Essentially, a capital gain is
Couple comparing marginal vs. average tax rate
Important Differences Between Marginal vs. Average Tax Rate in Canada
When it comes to filing your taxes during tax season in Canada, you’ll notice that there’s a marginal tax rate
Canada T1 general form
A Guide to Canada’s T1 General Form
Filing your taxes can be confusing, and with tax season just around the corner, you may need help knowing where
What Happens if you don’t File your Taxes
What Happens if you don’t File your Taxes, File them Late, or not pay them in Canada?
In Canada, once you reach a certain age and start earning your income, you need to file your taxes. However,
T4 slip on computer screen
An Overview of T4 Slips in Canada
With tax season around the corner, it’s time to start getting your paperwork together before it’s time to file. What
Woman filling out taxes checklist
Canada Tax Preparation Checklist
When tax season rolls around, it can be hard to figure out what you need in order to file your

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