PRESENTS

UFile believes that smarter tax filing starts with a better conversation. Discover, learn and share all there is to know when it comes to your taxes. Let's talk tax.

 

Yes you can. Weekly or monthly public transit passes qualify for the credit. Be sure to hold on to your receipts in case the CRA ask for them.

 

This depends on whether or not you have tax to pay. If you don’t owe taxes, you won’t pay penalties. The CRA will keep your refund and you won’t receive any of the credits you’re entitled to. If you owe taxes, expect penalty charges and daily interest on any unpaid tax.

The Better Late Than Never Contest

The Better Late Than Never Contest

Enter to win UFile’s prize arsenal of time saving gizmos and gadgets which includes a Fitbit activity tracker, GoPro Hero 5 and Apple Watch!

 

Sure, you can file 2014, 2015 and 2016 with NETFILE. For Quebec, you can only NETFILE the current tax year.

 

You can. But it’s not as much fun. Besides, using NETFILE ensures that you get a confirmation when you tax return is received and get your refund faster!

 

Absolutely but, you should keep any slips or supporting documents for six years in case the CRA selects your return for review.

 

AFR downloads information from your CRA My Account directly into your tax return. UFile puts your data where it belongs in your return for the easiest tax filing ever.

UFile tax blog

Smooth Sailing: Budgeting For Economy Highs and Lows

Between energy sector lows, tightened mortgage rules, and the potential for new border taxes, sometimes it feels like Canadians just can’t catch a break.

 

That depends. Many people enjoy receiving a tax refund, but getting a tax refund just means you've paid too much throughout the year.

 

The burning question! The average refund in Canada is $1,600. What are you waiting for?

 

If your new home is at least 40 kilometres closer to your new job you can claim eligible moving expenses, especially handy if your new job is in a different city.

 

Before you file your return this year you need to let the CRA (and RQ if you’re from Quebec) know about the change. You can do this online through My Account, by mail or over the phone. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/chngddrss-eng.html and http://www.revenuquebec.ca/en/sepf/services/sgp_adresse/default.aspx

QUESTIONS

Send us your question about taxes.
 

Each Canadian files a separate tax return regardless of marital status. However, you have to have certain basic information about your spouse on your return, such as name, SIN and their Net Income. We recommend you produce your tax returns together with a program like UFile in order to maximize any credit transfers allowed under the tax code (donations, pension income,medical expenses etc…). By doing this, you optimize the combined result of your tax return. Who doesn’t want more money in their pockets?

 

Because April 30 falls on a Sunday this year, you have until Monday, May 1, 2017..

 

Great question! The deadline for 2016 tax year is March 1st, 2017. It’s worth playing with scenarios in your return before this deadline so you know the perfect amount to contribute to give you the best return you can get.

 

First of all, congratulations! You have to declare your change in marital status right away by phone, online through My Account, or by mail through the RC65 form. When you file your tax return, you must indicate your marital status change as well with a program like UFile.

 

You can find your RRSP contribution limit for 2016 on your latest notice of assessment or notice of reassessment or online at MY Account on the CRA website.