income-tax

What Is a Tax ID Number In Canada (and Why You Need It) Have you ever heard someone say, “Taxes are certain, but death isn’t?” Pretty grim, right? Well, in Canada, one thing’s for sure: you need a tax ID number to navigate this whole “death and taxes” thing. But what exactly is a tax […]

Is Spousal Support Tax Deductible? Who Can Claim & How? Divorce or separation is tough enough without the added stress of figuring out taxes. If you’re wondering, “Is spousal support tax deductible?” – you’re not alone. The good news is, sometimes it is. But the rules can be a bit tricky. In this guide, we’ll

What Happens If You File Your Taxes Late? Don’t Panic – Here’s What to Do Missed the tax deadline? Relax. Millions of Canadians file their taxes late every year, and it doesn’t have to be a catastrophe. We’ll walk you through the potential penalties, how to minimize them, and even how to get back on

What Legal Fees Are Tax Deductible in Canada? Ever wondered if those pesky legal fees could actually lower your tax bill? Many Canadians miss out on valuable deductions because they don’t know what legal expenses qualify. In this guide, we’ll break down: Legal fees you can deduct Expenses that don’t qualify How to maximize your

Are Union Dues Tax Deductible? Everything You Need to Know Are you a union member wondering if those dues could be saving you some serious cash come tax time? You’re not alone. Many folks believe union dues are a write-off, but the truth is a bit more nuanced. In this guide, we’ll break down the

Is RESP Tax Deductible? A Complete Guide for Canadian Parents (2024) Saving for your child’s education is no small feat, and it’s natural to wonder about tax deductions for RESP contributions. We often hear, “Are RESPs tax deductible?” Well, the answer isn’t as simple as a “yes” or “no.” Let’s explore the ins and outs

Can International Students Get Tax Refund on Tuition in Canada? (Ultimate Guide) Ever feel like those tuition bills just keep piling up? Like there’s no end in sight? Well, what if we told you there might be a silver lining? You heard it right. You could be eligible for a sweet tax refund on those

Who Qualifies? Does Everyone Get the Carbon Tax Rebate? Are you missing out on the carbon tax rebate? Many people think this rebate is out of reach, but it’s more accessible than you might believe. In Canada, understanding who qualifies can put money back in your pocket. Let’s clear up the confusion. What we’ll cover:

Is There a Death Tax in Canada? Everything You Need to Know Death and taxes. Two things you can’t avoid, right? Well, sort of. While death is inevitable, a death tax in Canada might not be what you think. We’re going to talk about the truth behind Canadian inheritance taxes, separating fact from fiction, and

Does Sleep Apnea Qualify for the Disability Tax Credit Tired of tossing and turning all night? If you’ve been diagnosed with sleep apnea, you might be eligible for some financial relief through the Canadian Disability Tax Credit (DTC). Yes, you read that right. This often-overlooked tax credit can put money back in your pocket, helping