A Notice of Assessment is a very important document to have once you have filed your tax return. Your Assessment is sent to you either by mail and or found on your CRA My Account online. The CRA will process your return and then immediately issue your Notice of Assessment.&n...
The Carbon Tax Rebate (Climate Action Incentive) is a tax credit for all those who are living in provinces: Saskatchewan, Manitoba, Ontario, New Brunswick, and Alberta. This tax rebate started back in April 2019 and was intended to offset "fuel charge" increases and lessen the imp...
Finding your Line 10100 (previous line 101) on your tax return can be a bit confusing. Before 2019 this line was called Line 101. Today the Canada Revenue Agency changed all line numbers and now it is called Line 10100. The income amount for this line number is generally used fo...
Tuition Tax Credit is a great deduction to have when you are going to school. Many students are confused on how tuition works and why they receive too little in tax money or receive more than they expected. This article is an in depth look on what tuition tax credits are, how they wor...
CRA Login Service is a great way to keep on top of your CRA correspondence. In this how to guide, we will cover on how to register for a CRA My Account, how to login into your existing account, and as well the benefits behind it all. With this account you are able to log into your CRA indiv...
Have you ever had trouble tracking down your slips to file your tax return? Has any of your employers or investment banks not mailed you a slip on time for tax season? These are very common problems among a majority of Canadians filing taxes. These issues can cause many headache...
RRSP’s are a great way to save more money on your taxes. Many people do not know enough about their RRSP deduction limit, as well the tax savings you can receive on your return from them. RRSP deduction limits can be hard to understand for some as well as ...
Please note: There has been a change in the Tax Deadline for 2020.
Due to the Coronavirus (COVID-19) the tax deadline in Canada has now changed to June 1. In addition, the deadline to pay balances for your taxes is also extended to September 1 (I...
Filing taxes online can be daunting at times as we don’t know always know what program to choose or whether we decide we may need help filing. Lets face it many of us come across these questions each tax season. One major question that some ask what is the...
Important information below due to the Coronavirus (COVID-19). It is very important to file all tax returns outstanding before registering for EI. Much of the information that is needed needs to come from your 2019 Tax Return.
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