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

Cryptocurrency and taxes

Dec 16, 2022 by System
UFile Blog
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...

Previous Blog posts

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

Dec 16, 2022 by System
UFile Blog
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 update 2021

Dec 16, 2022 by System
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...





Students and taxes

Mar 7, 2022 by Gerry Vittoratos
UFile Blog
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...





Seniors, taxes and more – Everything you need to know

Jan 28, 2022 by System
UFile Blog
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...





Tax-efficient cash in trying times

Apr 13, 2021 by System
UFile Blog
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...





Canada Emergency Wage Subsidy (CEWS)

Apr 13, 2021 by System
UFile Blog
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...





The sharing economy and the pandemic

Apr 13, 2021 by System
UFile Blog
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 real cost of everyday expenses

Apr 13, 2021 by System
UFile Blog
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...





Tax Readiness Checklist

Apr 13, 2021 by System
UFile Blog
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...





Five little-known medical expenses

Apr 13, 2021 by System
UFile Blog
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...





Government support measures for seniors during the COVID-19 pandemic

Apr 13, 2021 by System
UFile Blog
The federal government recently announced new measures to help seniors during the coronavirus pandemic. What are they? Let’s find out. Full story...





Tax Update 2019

Apr 13, 2021 by System
UFile Blog
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...





Your investments, taxes and the pandemic - How to keep your cool during trying times

Apr 13, 2021 by System
UFile Blog
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...





Economic Response Plan and changes to the tax return filing deadline due to the coronavirus (COVID-19)

Apr 13, 2021 by System
UFile Blog
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...





Recovery Benefits

Apr 13, 2021 by System
UFile Blog
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...





Tax update 2020

Apr 13, 2021 by System
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...





Studying Abroad

Apr 13, 2021 by System
UFile Blog
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...





How to spend your tax refund

Apr 13, 2021 by System
UFile Blog
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...





Are your marijuana stocks growing like weeds? Make sure your profits don’t go up in smoke

Apr 13, 2021 by System
UFile Blog
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...





Gery VittoratosPresented by UFile's tax expert
Gerry Vittoratos
MTax

Categories
Last Blog posts

More questions? We have answers.

 

Now with FREE TELEPHONE SUPPORT.
(Long distance charges may apply.)