Tax Season

• CRA no longer requiring tax return for bare trusts this year

  The CRA says it’s making the change after the new reporting rules around bare trusts had an “unintended impact on Canadians.”

  Money

  Mar 28
  
• Did you open an FHSA last year? Why your tax refund might be delayed

  Some Canadians who opened a first home savings account (FHSA) in 2023 have reported delays getting their tax returns processed by the Canada Revenue Agency.

  Money

  Mar 20
  
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• Did you co-sign your kid’s mortgage? There are new tax reporting rules to know

  Bare trust reporting is a new requirement by the CRA this year, but most Canadians are likely unaware of its existence — or penalties.

  Money

  Mar 16
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• Payroll taxes have gone up. What to know if your paycheque is feeling pinched

  Nearly all Canadian workers will have to pay a bigger sum of federal income-based taxes this year. Here's what to do if you are feeling the pinch.

  Money

  Mar 1
• Income taxes can now be filed. What you should know

  'Don't panic,' an expert said about filing income tax. 'If you really are lost, maybe consult a professional tax advisor that can walk you through the process.'

  Money

  Feb 20
• Here are the tax changes that will affect your pocketbook in 2024

  While inflation has eaten away at Canadians' pocketbooks in recent years, the resulting changes to how marginal tax rates and other benefits are indexed might be a boon for filers.

  Money

  Jan 2
• Got a tax refund? Here’s how you could put it to good use, according to experts

  If you've got a few hundred dollars back from your taxes this year, here's what experts say are the best ways to spend or save it amid fears of a recession.

  Money

  Apr 29, 2023
• Tax season: A look at repayment options if you owe money to the CRA

  The CRA is willing to work with taxpayers to arrange payment plans and may even be able to offer a break on the interest you might otherwise have to pay.

  Money

  Apr 27, 2023
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• No deadline extension for tax returns despite potential CRA strike

  Londoners and Canadians alike still need to file their tax returns by May 1 this year despite a looming strike by federal workers.

  Consumer

  Apr 17, 2023
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• Some of your tax credit payments might be delayed, CRA warns. Here’s why

  A 'technical issue' at the Canada Revenue Agency is resulting in delays to some payouts of the GST/HST credit and Ontario Trillium Benefit.

  Money

  Apr 10, 2023