income-tax

What Is the BC Renter’s Tax Credit? (and How to Claim It?) Tired of seeing your hard-earned cash disappear into rent payments? We feel you. The cost of living in BC can sting, but did you know there’s a little something called the BC Renter’s Tax Credit that could put some of that money back […]

Are Taxes in Canada High? Let’s Break It Down Taxes are the unavoidable part of life that everyone loves to complain about. But when it comes to Canada, is the griping justified? Are taxes really that high? Let’s break down the facts and ditch the fiction. In this article, we’ll cover: Understanding Canadian taxes: a

Toronto’s Vacant Home Tax: Declaration, Deadlines, Exemptions, and Penalties Do you think your empty Toronto home is just sitting there, minding its own business? Think again. In the heart of Toronto, leaving a residential property vacant might cost you more than you think. We’ll break down everything you need to know about the city’s Vacant

What Does Tax Refund RIT Mean? Your Questions Answered Surprise deposit in your bank account? If it’s labelled “RIT,” you’re not alone. We’ve got the answers about this mysterious acronym and what it means for your hard-earned cash. Here’s the scoop on what we’ll cover: What RIT actually stands for (hint: it’s not rocket science)

Does Bankruptcy Clear Tax Debt in Canada? Here’s What You Need to Know Drowning in tax debt? Wondering if bankruptcy is the lifeboat you need? It’s a common question, and the answer might surprise you. Bankruptcy isn’t a magic eraser, but it can be a powerful tool for a fresh financial start – even when

How Much Are Taxes for a Car? The Ultimate Guide to Avoiding Overpayment Buckle up, because we’re about to break down everything you need to know about car taxes in Canada. You’re probably wondering how much that shiny new ride really costs, and taxes are a big part of the equation. We’ll cover everything you

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