Taxation

For most people, doing their taxes is a thankless task. Fortunately, there are free tax software programs that make it easy to calculate and file your taxes online. We recommend that you choose a software that is easy to use, designed for the Canadian tax system and, ideally, certified for NETFILE. TurboTax Online – For […]

To file quickly, easily, and without a blinding migraine, choosing the best tax return software in Canada is crucial. Tax season is the most dreaded time of year, with many of us hoping to bypass the annual state of confusion and potentially costly mistakes. If this strikes a chord with you, read on as we […]

Is the CAQ government’s $500 cheque enough to cover the cost of inflation? No it’s not. According to Hardbacon’s survey, 80.8% of Quebecers consider it too little. Not only is it inadequate, but a majority of Quebecers think it’s unfair but don’t agree on why.   Not enough money to make a real difference Since […]

If you are a resident of Ontario and are planning a short trip anytime soon, you may consider opting for a staycation in the province. At least you get to receive some money back from the Ontario government for enjoying the thrill of beautiful places in the province. It certainly makes saving for a vacation […]

Tax credits are great and Canadian taxpayers welcome every initiative that reduces the taxes that they have to pay. If you read digital news content for entertainment or education purposes, then you may can reduce your taxes. However, to get the digital new subscription tax credit, you have to subscribe to digital news publications from […]

As each year comes to an end, it helps to start thinking of possible ways to pay less income tax and maximize your tax return. Filing your income tax and benefit return does not have to defeat you. You can easily process yours through an online software like TurboTax or H&R Block to reduce the […]

Setting up a Canada Revenue Agency (CRA) account provides taxpayers a secure, digital portal to manage their tax- and benefit-related account information. Whether for an individual registering for a My Account, or a company setting up a My Business Account, taxpayers can use the CRA service channel to manage tax-related affairs digitally.  Why do I […]

The Canada RIT Deposit is the abbreviation of Canada Refund Income Tax Deposit. It’s a bit of a mouthful, right? If you received the funds right after filing your annual income tax return, then it’s likely just a regular tax refund brought to you by the friendly folks at the Canada Revenue Agency (CRA). In […]

In recent years, tax filing through electronic platforms has become increasingly easier, particularly as new integrations through the Canada Revenue Agency (CRA) website are available. TurboTax is the most popular and best-selling income tax software in Canada, and has been used for more than 20 years by millions of Canadians. It is owned by Intuit […]

If you recently checked your bank account and saw a deposit labelled as Canada PRO, you’ve likely received a payment from the CRA for Child and Family Benefits. What is the Canada PRO Deposit? It is the Ontario Trillium Benefit for Ontario Sales Tax Credit and Ontario Energy and Property Tax Credit. The Ontario Trillium […]