For most people, there are relatively few tax breaks.  A TFSA (Tax Free Savings Account) is one you can count on, and it is often overlooked. The following post includes strategies you can use to get the most out of your TFSA.

This quarterly tax update highlights several recent developments affecting individuals and businesses, including expanded CRA reporting through digital platforms such as Airbnb and Uber beginning with the 2025 calendar year, new GST/HST rebates for first-time home buyers on homes up to $1.5 million, and increased CRA scrutiny of aggressive insurance-based tax avoidance schemes.

The year end planning tax tips and traps provides a high-level overview of 2025 year-end tax planning considerations for business owners, investors, and high-net-worth individuals. It covers strategies such as managing capital gains and losses, planning around OAS and CPP, optimizing RRSP, TFSA, FHSA and RESP contributions, and taking advantage of available deductions and credits before year-end. It also highlights planning opportunities for business owners, including accessi

The highlights from the tips and traps this quarter outline recent tax updates affecting individuals and businesses. Key changes include a significant overhaul of the Voluntary Disclosures Program, which now distinguishes between “prompted” and “unprompted” applications with varying relief levels. It also highlights a Federal Court decision denying TFSA overcontribution relief due to loss in value, a Tax Court ruling disallowing clothing expense deductions for commissioned em

The highlights from the tips and traps this quarter include several key tax developments in Canada, including a proposed reduction of the...

In this post, we’re diving into some valuable updates and insights to help you stay informed and ahead. Inside, you'll find hot tax tips,...