In debt? You are very much not alone. The average Canadian is carrying $24,000 in unsecured debt. It can be tough to get out of the hole, but there are some great things you can do today to get started.
Selling the cottage? You are not alone. People fled to cottage country during COVID last year, which caused a huge jump in prices. Unfortunately, the tax man needs to take his cut. If you do it right, though, you might be able to make that a little smaller.
Looking to get out of the house and do something fun next year? Can't blame you. It's been tough staying put through COVID for all these months. The government wants to help you get out of the house with a new tax credit! Learn more here.
Did you know that you can claim your grocery bill on your taxes? Not everybody can, but there are some situations where you can claim 50%, or even up to 100% of those bills. Find out more today!
COVID is still with us, but fortunately so is the Canadian Government. There is a new wave of changes coming to their COVID-related subsidies; make sure you're in the know!
Did you know that you can claim partial use of your vehicle for business on your taxes! You sure can. You just need to keep some meticulous logs of what you do with your vehicle for your business! It can be complicated, but we are here to help.
How much tax do you have to pay? Do you have to pay any at all? How do you figure it out ahead of time? This is fairly simple if you only have one job, but there are lots of circumstances where it might be more difficult. Learn more now.
Tax returns can be full of surprises, and sometimes they're not the happy kind. There might not be a lot you can do about it even ahead of time, but it's always a good idea to double check your options!
Don't panic if you get an envelope from the CRA! Review Notices are common, especially this year. It is just the CRA asking you to provide some documentation to support claims you made on your tax return. They are usually very simple -- just read the letter carefully.
Did you know that the CRA has online self-service portals where you can review and edit your tax information? They are incredibly useful and are essential in some cases. But they take a while to set up, so don't wait until you actually need it! Get MyCRA today.
