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



  • Small Business Owner? Here’s What You Need to Know Before You File.

    by UFile Team Équipe ImpôtExpert | May 22, 2018   Comments:

    The end of personal tax season heralds the beginning of business tax season. Before the beginning of this year’s business tax season, many owners and shareholders may have remarked upon recent rule changes, made by the federal government, which will affect the way they and their business file their taxes. As the June 15 filing deadline approaches, they may be wondering what exactly these changes mean for their 2017 return.

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  • Last-Minute Tips to Push You to the Finish Line

    by UFile Team Équipe ImpôtExpert | Apr 18, 2018   Comments:

    With the deadline to file this year’s tax return – April 30, 2018 – quickly approaching, Canadians can find themselves suddenly struggling to find the time to file.

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  • Does the Government Owe You Money?

    by UFile Team Équipe ImpôtExpert | Apr 04, 2018   Comments:

    How to determine what you’re getting back or what you’re paying. Let’s face it, tax season means different things to different people but the question on most taxpayers’ minds is how much money am I getting back—or how much will I owe? While tax calculations may seem complicated, there are simple things you can do to maximize what you get or minimize what you pay.

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  • The Curious History of Canadian Taxes

    by UFile Team Équipe ImpôtExpert | Mar 21, 2018   Comments:

    Like clockwork, they come every year. For most Canadians, taxes are one of the few constants that can be counted on. However, that hasn’t always been the case. While Canadians have been dutifully paying tax for just over a century, the path to today’s tax system has been winding and, sometimes, downright weird.

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  • Tax Changes You Need to Know Before You File for 2017

    by UFile Team Équipe ImpôtExpert | Mar 06, 2018   Comments:

    Canada, and its needs as a whole, is constantly evolving. One of our government’s main aims is to look at the big-picture economy, identify areas for improvement, and address economic needs or shortcomings. Tax credits are simply one way our government seeks to even out the economic playing field for everyone.

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  • Saving Up and Moving Out? Tax-Savvy Strategies for Your First Home Purchase

    by UFile Team Équipe ImpôtExpert | Feb 20, 2018   Comments:

    Whether you’re moving out of your parents’ basement for the first time, or just upgrading from a rental to a place of your very own, it can be hard to know where to start. Whether you’re moving out of your parents’ basement for the first time, or just upgrading from a rental to a place of your very own, it can be hard to know where to start.

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  • From Uber to Airbnb: Navigating Taxes in the Sharing Economy

    by UFile Team Équipe ImpôtExpert | Feb 12, 2018   Comments:

    Thanks to the advent of ride-sharing and home-sharing platforms such as Airbnb, Uber and Lyft, the way many Canadians earn their income has rapidly evolved. With so many new income streams for Canadians, when it comes to your taxes, do the same rules apply?

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  • Six Important Updates That Will Affect Your 2017 Tax Return

    by UFile Team Équipe ImpôtExpert | Jan 24, 2018   Comments:

    2017 was a momentous year for tax, and it seems 2018 is no different. Several key updates take center stage, causing Canadians to see and feel noticeable changes in the years to come.

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  • Are you ready for RRSP season?

    by UFile Team Équipe ImpôtExpert | Jan 11, 2018   Comments:

    RRSP season is upon us! 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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  • Where Do My Tax Dollars Even Go?

    by UFile Team Équipe ImpôtExpert | Jan 03, 2018   Comments:

    We all have a part to play in contributing to the growth and advancement of our country, and that’s why taxes are so important. But the truth is, most Canadians are in the dark about where exactly their tax dollars go. That’s why we’ve prepped a handy breakdown of all the important things your tax money helps to fund. In this season of giving, let’s find what you’ve been giving to all year.

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  • Get Year-End Ready – Tax Tips and Tricks Before 2018 Hits

    by UFile Team Équipe ImpôtExpert | Dec 14, 2017   Comments:

    As tax season quickly approaches and 2017 comes to a close, you may be looking for ways to optimize your return. Fortunately, there’s still time to look at small changes that could have a big impact, and our UFile tax experts have compiled a list of tips geared at helping you get ready for year-end.

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  • Filing Taxes for the First Time as a Canadian Resident? Here’s What You Need to Know.

    by UFile Team Équipe ImpôtExpert | Nov 27, 2017   Comments:

    Canada is on track to welcome as many as 320,000 newcomers to the country in 2017, which means there will be many first time tax filers learning how to navigate the Canada tax system. If this is your first year in Canada, we've got you covered!

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  • Last-Minute Filer? Ask Yourself These 5 Questions

    by UFile Team Équipe ImpôtExpert | Apr 25, 2017   Comments:

    With the May 1st deadline for income tax return filing only days away, meeting that deadline might feel overwhelming. However, knowing what information to gather and which tools to use can make last-minute filing manageable, and even easy.

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  • Going Green: Save the Planet While Saving Cash

    by UFile Team Équipe ImpôtExpert | Apr 13, 2017   Comments:

    When it comes to making eco-friendly choices, Canadians have made significant strides. More Canadians use LED light bulbs, e-billing, and water-efficient systems than ever, indicating that Canadians care about the Earth.

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  • It’s Time For A Personal Finance Checkup

    by UFile Team Équipe ImpôtExpert | Mar 30, 2017   Comments:

    There is no need to be bedridden this tax season; late March is a great time to take a look at your finances, spending habits, and potential savings. Looking at an entire year will offer you excellent perspective, and will help keep you on track (or get you on track) for the rest of 2017.

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  • Fast-Track Your Student Debt By Focusing on the Facts

    by UFile Team Équipe ImpôtExpert | Mar 20, 2017   Comments:

    In 2014, Canadian post-secondary institutions saw graduation numbers climb to 515,865. Even more impressive were enrolment numbers, with 2,054,943 students signing up for the 2014/2015 school year.

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  • The Nuts & Bolts of Modern Family Filing

    by Gerry Vittoratos | Mar 01, 2017   Comments:

    It’s 2017, and families are more diverse than ever. The image of what a makes a“normal” family no longer looks like the traditional “husband-wife-son-and-daughter” unit.

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  • Smooth Sailing: Budgeting For Economy Highs and Lows

    by Gerry Vittoratos | Feb 14, 2017   Comments:

    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.

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  • RRSP season is upon us

    by Gerry Vittoratos | Feb 01, 2017   Comments:

    RRSP season is upon us! 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
  • Five Important Updates To Know Before You File Your 2016 Tax Return

    by Gerry Vittoratos | Jan 25, 2017   Comments:

    The start of a new year for most Canadians signals a feeling of optimism, a time of reflection, and a renewed sense of setting goals.

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