Tax Tips

Provincial tax credits can help reduce your provincial taxes while supporting regional priorities. From personal amounts to seniors’ and family benefits, energy efficiency, and education credits, each province offers unique opportunities. Learn how to claim, document, and maximize your provincial tax benefits to lower your overall tax burden.

The Political Contributions Tax Credit helps Canadians support democracy while saving on taxes. Learn what qualifies, how much you can claim, and strategies for maximizing benefits for you and your household.

Supporting charitable causes not only benefits communities but can also reduce your taxes. The Charitable Donations Tax Credit allows Canadians to claim eligible donations, including cash and property, for significant tax savings. Learn about eligibility, calculation methods, donation limits, and strategies to maximize your charitable tax benefits while giving back.

Health care can be expensive, but the Medical Expense Tax Credit helps Canadian taxpayers ease the burden. Learn who qualifies, what expenses count, and how to maximize your return.

Learn how to claim the Tuition Tax Credit and Canada Training Credit in Canada. Understand eligibility, carryforward rules, and strategies to maximize your tax savings.

Student loan interest can reduce your tax bill. Learn who qualifies, how to claim it, when to carry it forward, and how to maximize your deduction for better savings.

Learn how the Home Buyers' Tax Credit helps first-time buyers in Canada. Understand eligibility, how to claim, and tips to maximize your $1,500 tax savings.

Learn how the Canada Workers Benefit (CWB) supports low and modest-income Canadians. Understand eligibility, benefit calculations, and tips to maximize your refund.

Learn how the Basic Personal Amount and Spousal Tax Credit reduce your taxes, who qualifies, and how to optimize your return with clear examples and tips.

Part 2 of our LCGE series covers qualified farm and fishing property, purification strategies, how to calculate the exemption, and key planning considerations.

The Lifetime Capital Gains Exemption (LCGE) offers a major tax advantage for Canadian business owners. Learn the basics, key terms, and how QSBC shares qualify in the first of two posts on LCGE.

Canadian tradespeople may qualify for valuable tax deductions on tools and temporary work expenses. This blog breaks down the Tradespersons’ Tools Deduction, the Apprentice Mechanic Tools Deduction, and the Labour Mobility Deduction—covering eligibility, reporting, and strategies to maximize your tax refund.

Carrying charges and interest expenses can provide significant tax savings—if you know how to claim them correctly. This blog explains what qualifies, how to report them on your tax return, and strategies to maximize your deductions, with examples and common pitfalls to avoid.

CPP and EI are vital deductions that fund your retirement, disability, and unemployment support in Canada. This post explains how these amounts are calculated, their impact on your tax return, and key differences between employees and self-employed individuals.

RRSPs offer powerful tax advantages for Canadian taxpayers. This blog explains how RRSP contributions work, how to avoid over-contributing, and how to strategically use RRSPs to maximize tax savings and retirement income. Includes examples, limits, and withdrawal strategies.

Union dues and professional membership fees can be valuable tax deductions if properly claimed. This blog explains which dues are eligible, how to report them, and common mistakes to avoid. Learn how to maximize your deductions and reduce your taxable income effectively.

Work-related travel costs can add up fast—but many are deductible if you meet CRA requirements. This post explains who can claim travel expenses, which costs qualify, how to calculate motor vehicle and lodging deductions, and what records you need to maximize your tax savings.

If you’ve moved for work, school, or to run a business, you may be eligible to deduct your moving expenses and reduce your tax bill. This blog explains who can claim the moving expense deduction, what expenses qualify, how to calculate and report them, and strategies to maximize your tax savings.

Child care can be a major cost for Canadian families, but many of these expenses are tax-deductible. This blog explains who can claim child care deductions, what qualifies, how to calculate your limits, and the tax impact of shared custody, separation, and support payments.

With more Canadians working remotely or running home-based businesses, home office tax deductions are more important than ever. This blog explains who qualifies, what expenses can be claimed, how to calculate your deduction accurately, and tips to avoid common CRA pitfalls.