Category: News

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…

July is just around the corner. And for many Canadians, that means crucial financial support is on its way! The Canada Revenue Agency (CRA) is set to disburse 5 important federal benefits this month. Make sure you know exactly when…

A new federal benefit for working-aged people with disabilities, the Canada Disability Benefit (CDB), will issue the first payments this July 17. The amount may reach up to $200 per person in a month, but it depends on your circumstances. …

Several tax filing deadlines and benefit payment dates are impending this month. Mark your calendars for the following dates:  June 10, 2025 – Ontario Trillium Benefit (OTB) Payment (the next OTB payment for eligible Ontario residents)  June 16, 2025: Filing…