What records do crypto investors need for taxes?

I invest in crypto as a business. What records do I need to keep for my income taxes?—Marc There are a few layers to this question, Marc, so I’ll break…

Is Cryptocurrency Taxable in Canada?

Tax season in Canada may seem like it’s many months away, but that filing deadline will be on our doorstep soon enough. The time of year when you report your…

A Guide to 2022 Tax Season in Canada

It’s tax season in Canada, so gather your paperwork and use this comprehensive guide to help you file your 2021 income tax return.  The post A Guide to 2022 Tax…

A Quick Guide to the RRSP Contribution Limit and How to Avoid Tax Penalties

What’s my RRSP contribution limit? And where can I find my RRSP contribution limit? Your RRSP contribution limit questions answered. The post A Quick Guide to the RRSP Contribution Limit…

When (or How) is Mortgage Interest Tax Deductible in Canada

Is mortgage interest tax-deductible in Canada? Keep reading to find out whether you’re eligible for a mortgage interest tax deduction. The post When (or How) is Mortgage Interest Tax Deductible…

What is the Carbon Tax in Canada and Is It Good for Canadians?

What is the carbon tax in Canada and how does it affect Canadians? How does the carbon tax work and are carbon taxes effective? We’ve got answers! The post What…

Why Delaying Some Tax Claims Could Save You Money

Timing is everything, right? Maximize the impact taxes have on what you owe by shifting when you claim them. Keep reading to learn how. The post Why Delaying Some Tax…

Work-From-Home Tax Deductions for 2021

If you worked at home last year because of COVID, you may be eligible for work-at-home tax deductions that will help you pay less tax. The post Work-From-Home Tax Deductions…

How to Do My Own Taxes

Filing your own taxes may seem difficult. But with a little bit of practice, you’ll find that it’s something just about anyone can accomplish, assuming your tax situation isn’t overly…

What to consider if you still have RRSP contribution room

Registered retirement savings plans (RRSPs) have been around since 1957, and each February is commonly referred to as “RRSP season.” The banks and financial media used to make a bigger…