Tax Tips

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.

Self-employment offers flexibility—but also complex tax rules. This guide explains key tax deductions for self-employed Canadians, including vehicle use, home office expenses, and CCA. Learn how to reduce your taxable income and improve your financial outcomes through smart deduction strategies and proper record-keeping.

Employment expense deductions can greatly reduce your tax burden if you meet CRA requirements. This blog explains which work-related expenses Canadian employees can claim, eligibility rules, key tips for maximizing deductions, and how to avoid common mistakes when filing your taxes.

Understanding how retirement income is taxed in Canada is essential for financial security. This blog covers OAS, CPP, RRIFs, and private pension income taxation, offering practical strategies to minimize taxes, maximize credits, and avoid common pitfalls during retirement.

Capital gains play a major role in Canadian tax planning—especially when selling investments, real estate, or other capital property. This blog explores how capital gains and losses are calculated, reported, and taxed, with practical examples and planning strategies to help you minimize tax and stay compliant.

Owning a rental property in Canada can be a solid investment, but it comes with important tax obligations. In this post, we dive into how to properly report rental income, which deductions landlords can claim, and key considerations like capital cost allowance, change in use rules, and common tax pitfalls. Learn how smart tax planning can protect your profits.

Learn how Canada taxes foreign income, handles withholding taxes, and uses foreign tax credits to avoid double taxation.

Learn how eligible, non‑eligible, and foreign dividends are taxed in Canada and optimize your investment strategy.

Running a business comes with plenty of challenges, and knowing the right steps to take with your accounting and taxes can be overwhelming.

Manage your Canadian tax slips effectively to file accurately and maximize your deductions.

Discover how different income sources flow through the Canadian tax system and impact your deductions, credits, and overall tax strategy.

Gain a clear understanding of individual taxation in Canada, from income tax basics to deductions, credits, and tax brackets.

Master Canada’s tax basics, deductions, credits, and planning tips in our concise individual taxation series.

Canada has deferred the capital gains inclusion rate increase to 2026. Key exemptions remain—learn how this impacts your taxes.

Get ready for a CRA tax audit with this comprehensive guide on organizing records, understanding your rights, and navigating the process.