Ontario Trillium Benefit (OTB): Payment Dates & Eligibility 2025
The Ontario Trillium Benefit, often referred to as OTB, helps eligible Ontarians with the cost of energy, property tax, and sales tax. Not all Ontario
Canadian key tax deadlines & benefits in June 2025
Several tax filing deadlines and benefit payment dates are impending this month. Mark your calendars for the following dates: June 10, 2025 – Ontario Trillium
Canadian Citizen Working in US Taxes? Here’s All You Need to Know
Are you a Canadian resident with US income? Whether through employment, rental, property sale, or any kind of business, there is a great chance you
New federal tax rates for Canadians starting July 1
On May 14, 2025, the Department of Finance Canada announced a reduction in the lowest federal personal income tax rate. This tax cut is expected
Canada Tax Brackets 2025: Your Guide to Income Tax Rates
Tax season might not be the most exciting time of year. But understanding where your income falls in the Canada Tax Brackets for 2025 can
Why Didn’t I Get My Carbon Tax Rebate?
The final payment for the Carbon tax rebate supposedly started on April 22, but many people kept checking their bank accounts only to find it
How to Get Notice of Assessment in Canada
The Notice of Assessment (NOA) is the official summary from the Canada Revenue Agency (CRA) about your tax return. For every Canadian taxpayer, the NOA
Inheritance Tax Canada 2025: Understanding Capital Gains & Estate Planning
When it comes to inheritance in Canada, things work a little differently than you might expect. If you are about to inherit assets or you’re
Capital Gains Tax Rate Canada 2024/25 [Latest]
The 2024/25 tax year has brought attention to capital gains tax rate Canada and how that affects your total income. The 2024 Federal Budget initially
Benefits to expect in May: payment dates and eligibility
May is here, bringing warmer weather and a new round of government benefit payments. These payments directly impact millions of households across Canada. If you’re
How to Reduce Tax in Canada: Ultimate Guide [2025]
Knowing how to reduce tax in Canada starts with strategic planning. Spring is usually the best time to strategize and identify your available deductions and
Last Canada Carbon Rebate (CCR) payment rolled out on April 22
Canadians received their last Canada Carbon Rebate (CCR) payment starting April 22, 2025. Following this payment, the CCR program has now been discontinued. This decision
CRA’S systems for capital gains reporting now ready
Last month, CRA announced to hold off filing returns if you have 2024 capital gains to report, needing more time to update systems for the
How to Avoid Capital Gains Tax on Property in Canada [2025]
If you are planning to sell a property, be sure to know all the tax-saving strategies first, as property gains incur capital gains tax. This
Major payments and deadlines you can expect this April
April is a busy month not just for settling tax obligations but also for government payments. Here’s a breakdown of important dates to keep in
CRA asks to hold off filing if you have 2024 capital gains
To recall that the Canadian government first announced the revised capital gains inclusion rate (50% and 66.67% for gains over $250,000) on April 16, 2024,
How to Calculate Ontario Tax: A Step-By-Step Guide [Latest]
See how much tax you will be paying at the provincial level on your 2024 income. Below, we guide you on how to calculate Ontario
CRA Netfile Access Code: Where and How to Find It
Your CRA Netfile Access Code (NAC) is a unique code that allows you to file your taxes securely. This comprehensive guide covers everything you need
A GST/HST Holiday: Canadians Enjoy Tax-Free Shopping
On December 14, 2024, Canadians received encouraging news as they welcomed the new year: a temporary GST/HST tax relief lasting until February 14, 2025. The
Canada’s Capital Gains Tax Changes | Legislative Approval Awaits
The future of Canada’s capital gains tax changes remains uncertain as the federal government’s proposed increase to the capital gains inclusion rate has yet to