The Tax Blog for Smart Canadians

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...

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

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...

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...

The federal government recently introduced a wage subsidy to help businesses keep their staff working during the COVID-19 pandemic. What is it, and how does it work? Let’s find out. Full story...

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...

The staple of personal finance is being able to control everyday expenses. We think of these expenses in terms of dollars and cents, but there are factors that we neglect to consider. Read on… Full story...

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. Full story...

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 federal government recently announced new measures to help seniors during the coronavirus pandemic. What are they? Let’s find out. Full story...

A new tax season is upon us. Unfortunately, it begins in the coldest time of the year, so let’s warm up this winter with a primer on the changes to the tax return. Full story...

We find ourselves in unprecedented times with the COVID-19 pandemic. With fear in the air, our natural instincts tell us to sell our investments and to hoard as much cash as possible. But is that a good idea? And what are the potential tax consequences of panic selling? Full story...

The federal and Quebec governments have announced changes relating to the tax filing deadline as well as other measures due to the coronavirus (COVID-19). Read on for details. Full story...

As the federal government begins to wind down Canada Emergency Response Benefit (CERB), new programs have been announced to help individuals who are encountering continued financial hardships. Full story...

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

So you’re thinking of moving abroad to pursue your studies. That’s great! There’s nothing like travelling the world while expanding your horizons. But how will this impact your tax return? Read on… Full story...

The best part of filing your tax return is (hopefully) getting a refund. You’ve earned it! Now, what should you do with the cash? Let’s find out. Full story...

With the legalization of marijuana in Canada, a whole new sector and a new set of companies are available to invest in. The potential gains are limitless. The potential gains are limitless. However, they also come with a lot of risk. Read on to find out how you can minimize the downsides. Full story...

Joining the gig economy has never been easier than it is today due to advances in technology. It can be as simple as downloading an app and owning a car. And the gig economy is becoming more common: according to StatsCan (2016), over 1.7 million Canadians have a side hustle. Full story...