The important Canadian tax changes in 2024. We look at RRSP contributions, TFSA contributions, CPP changes, FHSA accounts and personal tax amounts.
Learn how the FHSA works, who can open one, how much you can contribute and potential downsides to using one.
Discover how money is taxed in Canada and unlock valuable insights on income types, deductions, and credits to maximize your savings.
Discover the power of RRSPs in reducing taxes and building a secure retirement.
Stay up to date with the important tax changes for 2023 in Canada. We'll look at RRSP limit updates, TFSA limit increases, the new FHSA and a lot more.
Uncover the differences between TFSAs and RRSPs to know when it's best to choose one account over another.
This article will list the personal tax brackets in Canada for 2023. It will also explain how the marginal tax rate system works in Canada for individuals and how you can easily estimate your personal taxes.
I began to enter all of the amounts into a spreadsheet to calculate the total and enter the amount into their tax return. An hour later, I came up with a total of just over $300 which I knew was not even close to enough to claim. That hour was not particularly well spent.
We are asked a lot to file tax returns for self-employed people (contractors, solopreneurs, etc.). While we definitely do this, I like to make sure you know what you would be paying us for.
Let’s try and eliminate those excuses so that you can prepare and file your own personal tax return easily, accurately, and inexpensively. This post will walk you through that process, so collect your tax documents and let’s get to it!