Owning a home can be tough these days, especially in high-priced real estate markets like Toronto and Vancouver. Luckily, you aren’t alone. The government sees homeownership as a good investment for most Canadians. To help encourage more Canadians to buy homes, there are government programs and tax credits and deductions you can claim when buying […]

With the tax season in full swing, the clock is ticking on the tax filing deadline. Most of us have until April 30th to file our taxes. You should have all your tax slips by now (except those pesky T3 slips, which aren’t due until end of March.), so there’s no better time than the […]

With tax season just around the corner, it’s the perfect time to review income tax software. While I’m all for bargain hunting, simply buying the software that’s on sale every year can lead to aggravation – not to mention you won’t be able to carry forward your personal information and deductions. So it’s important to […]

When I arrived home from the office this week, I found a brown envelope from Canada Revenue Agency (CRA) waiting for me in my mailbox. It’s the middle of the summer, so I had a pretty good idea what it was: an instalment reminder. Although I’m a salaried employee with a full-time job, I earn […]

Nothing is certain except for death and taxes. Complaining about taxes is a national pastime for a lot of Canadians. I haven’t met one person who doesn’t think we’re being gouged by the taxman. There’s no denying we pay a lot of taxes, but how much do taxes account for of our overall spending? The […]