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…

Do I Have To Repay CERB?

If you got a letter from Revenue Canada or you’re concerned about whether you must repay CERB, learn about what steps you can take. The post Do I Have To…

What If I Can’t Pay My Taxes in Canada?

What If I can’t pay my taxes in Canada? It has been a tough year for many, but here’s what you need to do if you can’t pay taxes on…

Capital gains on subdivided land

Q. Our primary residence of three years is built on a double lot. We received a partial discharge of our double lot and built our house on it for cash.…