The Tax Blog for Smart Canadians

Tips and tricks for Canadian tax filers at every stage of life

From UFile's tax expert Gerry Vittoratos.

New Blog post

CPP additional contributions

May 13, 2024 by Gerry Vittoratos
UFile Blog
The federal government recently announced new additional contributions to the Canada Pension Plan (CPP). Let’s find out what they are. Full story...

Previous Blog posts

Death and taxes

May 1, 2024 by Gerry Vittoratos
UFile Blog
As the old expression goes, these are the two certainties of life. What happens tax-wise when we pass away? How are our assets taxed when they get transferred to our beneficiaries? Full story...





Top family credits and benefits

Mar 25, 2024 by Gerry Vittoratos
UFile Blog
What are some of the most beneficial credits and benefits offered to families? Let’s find out. Full story...





Comparing the RRSP and the TFSA with the FHSA

Feb 21, 2024 by Gerry Vittoratos
UFile Blog
In this blog article, we will compare the registered accounts offered by the federal government: RRSP, TFSA and FHSA. Full story...





Tax Update 2023

Feb 7, 2024 by Gerry Vittoratos
UFile Blog
Another tax season is just around the corner. Let’s have a look at some important changes coming to the tax return. Full story...





Underused Housing Tax (UHT)

Jan 25, 2024 by Gerry Vittoratos
UFile Blog
Starting in tax year 2022, the federal government introduced a new tax for specific property owners who “underused” their residential property during the year. Let’s dive into the details. Full story...





Changes to short-term rental rules

Jan 9, 2024 by Gerry Vittoratos
UFile Blog
In its most recent fall economic statement, the federal government announced important changes to the tax treatment of short-term rentals such as those offered through Airbnb and Vrbo. Let’s find out what they are. Full story...





Five overlooked tax deductions and credits

Apr 18, 2023 by Gerry Vittoratos
UFile Blog
In this article, we will discuss five overlooked tax deductions and credits that can save you quite a bit on your tax return. Full story...





Registered Education Savings Plan (RESP)

Apr 4, 2023 by Gerry Vittoratos
UFile Blog
An RESP is a registered account that allows you to save money in a tax-efficient way for your children’s post-secondary education. What does it entail, and why is it such a great financial tool? Let’s find out. Full story...





Moving expenses deduction

Mar 7, 2023 by Gerry Vittoratos
UFile Blog
Often overlooked, the moving expenses deduction is a great tool that allows workers and students to claim travel expenses when moving to a new job or school location. Let’s take a deep dive into this deduction. Full story...





Fundamental Concepts of RRSPs

Feb 24, 2023 by Gerry Vittoratos
UFile Blog
The RRSP deadline for the 2022 tax year is fast approaching! Time to go through the couch covers and scrounge up the last of our savings to make that all-important contribution. Let’s look at some fundamental concepts of RRSPs. Full story...





Tax update 2022

Feb 16, 2023 by Gerry Vittoratos
UFile Blog
Another tax season is just around the corner. Let’s have a look at some important changes coming to the tax return. Full story...





Carryforwards - The forgotten tax tool

Jan 27, 2023 by Gerry Vittoratos
UFile Blog
The Income Tax Act provides for many credits and deductions to help reduce your tax payable. There is one tool in particular which is very powerful in doing that, but often forgotten: the carryforward. What is it, and how is it used? Let’s find out. Full story...





Canada’s Affordability Plan

Jan 10, 2023 by Gerry Vittoratos
UFile Blog
In the latter half of 2022, the federal government announced new measures to help Canadians cope with soaring inflation as part of its Affordability Plan: the doubling of the GST credit, the Canada Dental Benefit and the Canada Housing Benefit. Let’s have a look at these measures. Full story...





Tax-Free First Home Savings Account (FHSA) – Everything you need to know

Dec 16, 2022 by System
UFile Blog
In its latest budget, the federal government introduced a new savings vehicle for the purchase of a first home. Here are the broad lines of this new program. Full story...





All you need to know about TFSAs

Dec 16, 2022 by System
UFile Blog
A tax-free savings account is a great investment vehicle that allows you to shelter your gains from taxation. Let’s have a look at the ins and outs through a Q&A. Full story...





The importance of the RRSP deadline

Dec 16, 2022 by System
UFile Blog
Every year, Canadians make contributions to their RRSPs to save on their tax bill and fund their future retirement. There is some confusion as to what the RRSP deadline actually is for the upcoming tax return, so let’s clear that up. Full story...





New $500 refundable tax credit for Quebec residents

Dec 16, 2022 by System
UFile Blog
In the latest budget announcement, the Quebec government introduced a new $500 special one-time cost of living tax credit that can be claimed by over 6 million Quebec residents in 2022 for tax year 2021. Let’s find out the details. Full story...





Principal residence exemption: your questions answered

Dec 16, 2022 by System
UFile Blog
The principal residence exemption represents an important tax break for Canadians who own their home. In this article, we will look at the ins and outs of this exemption. Full story...





Taxation of recent COVID benefits

Dec 16, 2022 by System
UFile Blog
As the COVID-19 pandemic rages on, the federal government continues to give benefits to those who are hit the hardest. Read on to learn about the latest benefits and how they affect your tax return. Full story...





Gery VittoratosPresented by UFile's tax expert
Gerry Vittoratos
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