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Latest News
- BusinessThe Canadian Press
Students benefit from filing a tax return even if they don't make a lot of money
Lower income doesn’t mean lower priority when it comes to filing a tax return. Students in particular might skip filing a return if they earned little to no income last year, or are swamped with assignments and exams — but that means missing out on a number of benefits. “For students, for example, filing their return, they can get access to several credits and benefits that are automatically paid just because they filed their return,” said Yannick Lemay, senior tax expert at H&R Block. These inc
- BusinessYahoo Finance Canada
Taxes 2024: Seven best tips for last-minute filers as the tax deadline approaches
With the deadline on April 30, it's not too late to get started.
- BusinessFinancial Post
Jamie Golombek: If I were finance minister, here's what I would do in the upcoming federal budget
Wish list includes lower tax rate for highest-earners, AMT adjustments and scrapping most boutique tax credits
- BusinessYahoo Finance Canada
RRSP contributions resume decline after pandemic upends savings trends
A surprising drop in RRSP contributions by the most reliable age cohort is likely more about the disruptive effects of the COVID-19 pandemic than about a radical change in investment strategy since then.
- NewsFinancial Post
CRA says you'd better be working from home to claim home-office expenses
Jamie Golombek: A visiting nurse who kept a home office argued he should be able to claim office expenses, but CRA, judge disagreed
- BusinessYahoo Finance Canada
Ballard Power stock leaps more than 17% on biggest-ever fuel cell order, new US$54M tax credit
Ballard's growing focus on the United States is in contrast to its increasingly cautious approach to expansion in China.
- BusinessFinancial Post
CRA reverses course, exempts bare trusts from new regulations
Jamie Golombek: Bare trusts will be exempt from trust reporting requirements for 2023
- BusinessFinancial Post
CRA, day trader argue over whether pandemic hurt his income enough to claim CERB
Jamie Golombek: Taxpayer said day-trading activity, resulting income reduced because of COVID, but CRA didn't agree
- BusinessYahoo Finance Canada
Taxes 2024: Invest or splurge? What to do if you get a big tax refund
With that extra cash in your pocket, is it time to buy that new TV you have your eye on, or squirrel it away for the future?
- BusinessFinancial Post
5 tax changes to watch out for in the upcoming federal budget
Jamie Golombek: Possibilities include changes to the capital gains inclusion rate, retirement taxes and top tax bracket