Category: News

Recent market volatility means many Canadian investors are holding investments at a loss in their taxable investment accounts. These "paper losses" present a significant opportunity: you can use them to offset capital gains and slash your tax bill. This strategy…

In 2025, significant changes prompted Canadians to make major adjustments, from finances to how they check CRA letters. To start with, Canada Pension Plan (CPP) contribution rates increased. Federal tax brackets, as usual, were adjusted alongside inflation.  CRA’s phased transition to…

October is a busy month for Canadian benefit payments, with multiple programs scheduled to issue support throughout the month. Knowing your Canadian benefit payment dates in October allows you to manage bills, grocery shopping, and other expenses without stress. While…

As a Canadian, you must have heard about the Underused Housing Tax (UHT). This federal tax caught countless property owners off guard. With the final filing deadline passed, the CRA is now actively identifying and auditing thousands of non-filers.   If…

The CRA has announced a planned CRA services shutdown for its EFILE service as well as other online portals. This major tax filing outage is a result of a system migration to new data centers. The service interruption is scheduled to…

Three federal financial supports are coming your way this month, and it couldn’t have been more timely, as the school year reopens this early September. Millions of Canadian families can expect: Canada Child Benefit (CCB) payment on August 20, 2025 Old Age…

CRA’s paperless system is now official. From July 3, 2025, the government has started sending emails directly to your secure online portal instead of paper letters. If you are one of the approx. 500,000 benefit recipients who have registered for…

Canada’s economy is heading into rough waters once again. A new report from Oxford Economics warns that ongoing trade disputes could tip the Canadian economy into a recession lasting through the end of 2025, despite efforts to boost defence spending. The…

Good news, Canada! As of July 1 the highly anticipated federal tax cut has taken effect. The lowest federal personal income tax rate has dropped from 15% to 14%, putting a little extra back in your pocket. But here’s the twist:…

The Government of Canada has officially confirmed that all final Carbon rebates for small businesses are tax-free. However, the last CCR payments are only non-taxable if you have filed your 2024 income tax return by July 15, 2025.   The distribution…