Tax return information and key deadlines for Canadians
Stories for you
- BusinessFinancial Post
A deeper dive into the CRA's rules around using a tax-free FHSA to buy a home
Jamie Golombek: Here are answers to common questions, including what to know when one spouse already owns a home
- BusinessFinancial Post
It's tax time: Here's what you need to know for the 2023 filing season
Jamie Golombek: Here's what's new on this year's return, plus some other things to keep in mind
- BusinessFinancial Post
Relying on CRA's Auto-fill can be costly as tax case over missing income shows
Jamie Golombek: One taxpayer faced more than $70,000 in arrears interest after Auto-fill failed to capture all his income
- BusinessThe Canadian Press
Investing 101: The basics of getting your money to grow
The world of investing can be intimidating to Canadians who have limited knowledge on the subject and don't know where to start. More than a third of young Canadians questioned in a 2023 survey by financial services provider Co-operators said they believe they don't know everything they should about their investing options. Only a quarter were confident in their ability to choose investment opportunities that could make them money, the survey found. Experts say starting with the basics is the be
- SportsCBC
A court battle between the CRA and the Toronto Maple Leafs captain could be pivotal for other pro athletes
Toronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court over an $8-million tax bill in a case experts say could be pivotal for some pro athletes, perhaps affecting with which teams they sign.The NHL star has filed an appeal to the CRA over the bill for back taxes and interest, dating back to 2018 when he signed a $77 million US contract to play for the Leafs."It's a pivotal case and everyone will be watching," said Richard Powers, an associate professor at the Unive
- BusinessFinancial Post
New CRA rules around working from home make it harder to claim expenses
Jamie Golombek: The 'simplified method' of claiming home-office expenses is no longer available for the 2023 tax year
- BusinessThe Canadian Press
Want to boost your tax refund with an RRSP loan? Experts say there's more to consider
OTTAWA — RRSP loans might be a tempting option for Canadians looking to top up their retirement savings this year, but financial experts urge caution for those thinking about borrowing to invest. Kimberley Tran, an economist and advisor with McAuley Financial Services, said an RRSP loan should be the “rare exception and not the rule” for Canadians looking to save for retirement. “An RRSP loan is not for everyone,” she said. If an investor has the contribution room and is short on cash, the idea
- BusinessThe Canadian Press
Canada Pension Plan 101: Answering common questions about these paycheque deductions
TORONTO — Paycheque deductions can be an unpleasant surprise for those new to the workforce — a jumble of letters representing wages you can't immediately collect. Among them are contributions to the Canada Pension Plan, and though it may not feel like it now, that money adds up over your working life to create a nest egg for retirement. Here are answers to some common questions about CPP: What is the Canada Pension Plan? Every paid worker in Canada, except in Quebec, from freelancers and small
- BusinessFinancial Post
New tax year brings new chance to withdraw strategically from this registered plan
Jamie Golombek: Post-secondary students have a fresh planning opportunity to stay one step ahead of the taxman
- BusinessFinancial Post
The CRA's prescribed interest rate hits double digits: 3 ways it could affect your wallet
Jamie Golombek: Interest rate for overdue taxes is now 10%