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

  • The real cost of everyday expenses

    by UFile Team Équipe ImpôtExpert | Mar 18, 2020   Comments:

    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…

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  • Studying Abroad

    by UFile Team Équipe ImpôtExpert | Mar 04, 2020   Comments:

    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…

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  • RRSPs vs TFSAs – 5 considerations to maximize your savings

    by UFile Team Équipe ImpôtExpert | Feb 19, 2020   Comments:

    It’s the age-old tax planning question: should I invest in my RRSP or my TFSA? The answer to this as to any other tax question is that it depends. Don’t worry, this article won’t be another comparative of the differences between these two programs. It will simply ask 5 questions that you should consider before you make a choice.

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  • Tax Update 2019

    by UFile Team Équipe ImpôtExpert | Feb 05, 2020   Comments:

    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.

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  • Are you ready for RRSP season?

    by UFile Team Équipe ImpôtExpert | Jan 24, 2020   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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  • The gig economy in 2020: find out how to save tax with these helpful tips

    by UFile Team Équipe ImpôtExpert | Jan 22, 2020   Comments:

    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.

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  • Planning on selling your home this year? Don’t let the taxman spoil your move

    by UFile Team Équipe ImpôtExpert | Jan 08, 2020   Comments:

    So, you’ve decided to sell your most valuable asset this year. Maybe you saw an opportunity for a place you’ve had your eye on for some time and you pounced! Whatever the reason is, there will be tax consequences for such a move. Read on…

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  • Managing your investments at year end

    by UFile Team Équipe ImpôtExpert | Dec 18, 2019   Comments:

    It’s the holiday season! A time to gather with family and friends and reflect on the year gone by. Tax season seems far away at this point, but it’s a lot closer than you might think. Hold on there, taxman, isn’t my filing deadline on April 30th of the FOLLOWING year? Yes, it is, but with a little investment planning (stocks/mutual funds/ETFs NOT in your RRSP/TFSA) over the holidays, you can come out a winner during tax season. How? Let’s find out.

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  • Taxes and everyday expenses

    by UFile Team Équipe ImpôtExpert | Dec 18, 2019   Comments:

    Through the course of our everyday lives, we pay for goods and services that are necessary. What kinds of taxes are charged on these goods and services? Are there exemptions? Let’s find out!

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  • Survey: How Canadians View Taxes and Technology

    by UFile Team Équipe ImpôtExpert | Apr 09, 2019   Comments:

    Unless it’s tax season, tax-related topics tend to get pushed to the sidelines, forgotten until that crucial time of the year when it’s time to sort it all out.

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  • Conducting your business remotely or planning a working holiday? Make sure you understand the tax liabilities

    by UFile Team Équipe ImpôtExpert | Apr 02, 2019   Comments:

    You’re self-employed, you travel extensively and you work while on holiday. There’s nothing better than sipping refreshments on the beach while working on your passion, but are there any tax consequences to these types of holidays?

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  • Bloggers and influencers

    by UFile Team Équipe ImpôtExpert | Mar 19, 2019   Comments:

    So, you’ve jumped into the world of social media and have found a way to make money doing it. Whether it’s through the creation of a blog or a podcast, or by being an influencer on social media sites like Facebook, YouTube and Instagram, the income earned from these sources is taxable on your tax return. But how should you report this income? Read on.

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  • Renting vs buying a home? Here's what you need to know

    by UFile Team Équipe ImpôtExpert | Mar 05, 2019   Comments:

    Buying a home is by far the most important financial decision you will make in your life. Let’s have a look at some of the factors to consider before taking this major step.

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  • Tax changes affecting your Quebec return for 2019

    by UFile Team Équipe ImpôtExpert | Feb 18, 2019   Comments:

    A new refundable tax credit has been added for seniors aged 70 or over. The amount that can be claimed depends on the family situation.

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  • Tax Changes

    by UFile Team Équipe ImpôtExpert | Feb 15, 2019   Comments:

    A new year means a new tax return to file. Are there any significant changes to take into account this year? Let’s find out.

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  • Discover the tax advantages (and disadvantages) of getting married

    by UFile Team Équipe ImpôtExpert | Feb 05, 2019   Comments:

    Congratulations on your big day! Making the decision to share your life with someone is a huge step, and many things will change for you. How does it affect your tax return though? Let’s find out!

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  • It's The Most Wonderful Time of the Tax Year

    by UFile Team Équipe ImpôtExpert | Jan 22, 2019   Comments:

    It’s that time of year again! No, not the holiday season in late December but the equivalent for taxes: RRSP season! Let’s have a look at the basics of this wonderful tax “holiday.”

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  • How to Claim Expenses as an Employee

    by UFile Team Équipe ImpôtExpert | Jan 08, 2019   Comments:

    It is common knowledge that businesses can deduct any expense incurred in the course of gaining income. Can employees deduct certain expenses? Read on to find out.

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  • Planting New Seeds for the Future

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

    In many ways, ideas are just like seeds. As another year comes to a close, give yourself enough time to reflect on your goals and aspirations for the future. Canadians from coast to coast have untapped opportunities to enhance their skill set, realize a dream, or sow the seeds of their future.

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  • The Holiday Gift Guide for Tax-Smart Canadians

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

    'Tis the season of generosity, and there is no better time to give to charitable organizations in need. Giving can be a rewarding experience, but giving to something you care about for someone you love can be even more rewarding.

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