When it comes time to file your Canadian income tax return, one of the most common questions people ask is: “Am I getting a refund, or do I owe money?” While refunds often feel like a financial win, owing money is not always a bad thing.

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Buying your first home is an exciting milestone - but it can also feel overwhelming when it comes to financing. Fortunately, Canadian homebuyers have two powerful tools at their disposal. Understanding how these programs work together can help you unlock significant savings and boost your down payment!

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Tax season is here - and a little preparation now can help you avoid delays, disruptions, and unnecessary stress later. Take just a few minutes now to review information that could help save you time in the future!

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Protecting your financial future matters to us, which is why we want to share information that can help you stay one step ahead.

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If you’ve been considering a home renovation to make space for a loved one, like a parent or other family member with a disability – or if you’ve renovated this past year - the Multigenerational Home Renovation Tax Credit (MHRTC) might be just what you need.

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If you're a GST/HST registrant, claiming ITCs can help recover the tax paid on business expenses. But to do so, the Canada Revenue Agency (CRA) requires specific documentation. Here's what you need to know!

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If your employer provides you with a cell phone or pays for your mobile plan, it’s important to understand how the Canada Revenue Agency (CRA) views these perks. Depending on how the benefit is structured and used, it may be considered taxable income and show up on your T4 slip.

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Missing deadlines or submitting incorrect information to the CRA can result in significant penalties - whether you're filing personally or on behalf of a business. These penalties apply to information returns, including T4s, T5s and NR4s. Don’t miss out on tax credits you may be eligible for!

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If you’ve ever made a mistake on your taxes - missed reporting income, claimed an ineligible expense, or simply forgot to file something - you’re not alone. The Canada Revenue Agency (CRA) understands that errors happen, and that’s why they offer the Voluntary Disclosures Program (VDP) - and starting October 1, 2025, the program is getting a major refresh to make it easier, fairer, and more accessible for Canadians.

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As we approach year-end, it’s a great time for corporations to review their financials - especially shareholder loans and debit balances. These accounts can have significant tax implications if not properly managed, and the Canada Revenue Agency (CRA) has specific rules that every business should be aware of.

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Save time when contacting the CRA! Check real-time call wait times online before dialing to avoid long holds. View updates for personal tax, business, and benefits enquiries. Plan your call and reduce delays—bookmark the CRA contact page for quick access.

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According to Canada Revenue Agency, starting on July 15, 2025, individuals will have to go into their CRA MyAccount and grant us access from within - this update will improve security, efficiency, and user experience.

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It’s never too early to start preparing for the next tax season. Staying organized and informed can help you avoid stress and maximize your return!

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We’re highlighting some frequently overlooked opportunities for you to save. Let’s make sure every dollar works for you!

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