The Canadian Tax Blog For A Better Refund | UFile

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



  • Cryptocurrency and taxes

    by UFile Team Équipe ImpôtExpert | Apr 29, 2022   Comments:

    A revolution has occurred in the way that people invest and exchange funds through the advent of cryptocurrency. The CRA has noticed and has laid out how it is taxed. Let’s take a look.

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

    by UFile Team Équipe ImpôtExpert | Apr 12, 2022   Comments:

    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.

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  • Principal residence exemption: your questions answered

    by UFile Team Équipe ImpôtExpert | Apr 04, 2022   Comments:

    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.

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  • New $500 refundable tax credit for Quebec residents

    by UFile Team Équipe ImpôtExpert | Mar 24, 2022   Comments:

    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.

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  • All you need to know about TFSAs

    by UFile Team Équipe ImpôtExpert | Mar 18, 2022   Comments:

    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.

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  • Students and taxes

    by UFile Team Équipe ImpôtExpert | Mar 07, 2022   Comments:

    Pursuing post-secondary studies can be expensive, but there are income tax measures that can help you with those costs. Let’s find out what they are.

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  • The importance of the RRSP deadline

    by UFile Team Équipe ImpôtExpert | Feb 24, 2022   Comments:

    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.

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  • Tax update 2021

    by UFile Team Équipe ImpôtExpert | Feb 08, 2022   Comments:

    Another tax season is just around the corner. Let’s have a look at some important changes coming to the tax return.

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  • Seniors, taxes and more – Everything you need to know

    by UFile Team Équipe ImpôtExpert | Jan 28, 2022   Comments:

    The Income Tax Act (ITA) is filled with provisions that allow seniors to save on their taxes. Beyond that, however, there are other measures designed to help seniors with their finances. This article summarizes some of these measures and explains how to optimize certain specific benefits.

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  • Taxation of recent COVID benefits

    by UFile Team Équipe ImpôtExpert | Jan 10, 2022   Comments:

    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.

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  • Home office expenses: comparative between employees and self-employed individuals

    by UFile Team Équipe ImpôtExpert | May 05, 2021   Comments:

    Due to the pandemic, home office expenses have become the hot topic in taxation. Many people were required to work from home, and others started side gigs to make ends meet. Read on to find out what you can claim as home office expenses if you’re an employee or self-employed.

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  • Tax-efficient cash in trying times

    by UFile Team Équipe ImpôtExpert | Apr 14, 2021   Comments:

    With the COVID-19 pandemic raging on, many have been adversely affected, especially financially. Are there tax-efficient ways to raise cash in these trying times? Read on…

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  • Five little-known medical expenses

    by UFile Team Équipe ImpôtExpert | Mar 31, 2021   Comments:

    Your medical expenses for the year are eligible for the medical expense tax credit. Are you missing out on some of them? Read on to find out.

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  • The sharing economy and the pandemic

    by UFile Team Équipe ImpôtExpert | Mar 17, 2021   Comments:

    COVID-19 has fundamentally changed the way people work. Due to widespread unemployment brought on by the pandemic, many individuals have started working side gigs through sharing economy apps to make ends meet. Let’s look at some of the tax implications.

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  • COVID-19 benefits and your taxes

    by UFile Team Équipe ImpôtExpert | Mar 01, 2021   Comments:

    With the pandemic taking hold in 2020, the federal government provided financial help to Canadians who lost their jobs. How do these benefits affect your tax return? Let’s find out.

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  • RRSP 2021

    by UFile Team Équipe ImpôtExpert | Feb 16, 2021   Comments:

    COVID-19 or not, RRSP season is here! 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.

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  • CERB repayment for the self-employed and interest payment relief

    by UFile Team Équipe ImpôtExpert | Feb 12, 2021   Comments:

    The Canadian government recently made a significant announcement about relief measures related to CERB payments received by self-employed individuals and interest payable by those having received COVID-related benefits. Read on for details.

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  • Tax update 2020

    by UFile Team Équipe ImpôtExpert | Feb 11, 2021   Comments:

    Another tax season is just around the corner. Let’s have a look at some important changes coming to the tax return.

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  • Home office expenses and the pandemic

    by UFile Team Équipe ImpôtExpert | Jan 27, 2021   Comments:

    The COVID-19 pandemic has fundamentally changed the way people work. Gone are the office cubicles, now replaced by bedrooms and kitchen tables. What can you claim on your income tax return regarding your home office? Read on…

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  • Tax Readiness Checklist

    by UFile Team Équipe ImpôtExpert | Jan 13, 2021   Comments:

    Another year is in the books but unfortunately, 2020 was a particularly challenging one. However, one thing remains constant in our lives: taxes! Let’s get ready for another tax season with the readiness checklist.

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