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



  • Canada Workers Benefit (CWB)

    by Stephen A | Mar 21, 2023   Comments:

    A refundable credit and soon to be quarterly benefit as well, the Canada Workers Benefit is targeted towards lower-income workers. What is it, and how does it help these workers? Let’s find out.

    Full story
  • Moving expenses deduction

    by Stephen A | Mar 07, 2023   Comments:

    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

    by Stephen A | Feb 24, 2023   Comments:

    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

    by Stephen A | Feb 15, 2023   Comments:

    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

    by Stephen A | Jan 27, 2023   Comments:

    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

    by UFile Team Équipe ImpôtExpert | Jan 10, 2023   Comments:

    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
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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.

    Full story
  • 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…

    Full story
  • 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.

    Full story
  • 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.

    Full story