July 7, 2019
The most recent estimate issued by the Canadian Real Estate Association (CREA) is that close to half a million homes will be sold in Canada during […]
July 7, 2019
A generation ago, retirement was an event. Typically, an individual would leave the work force completely at age 65 and begin collecting Canada Pension Plan and […]
July 7, 2019
Sometime during the month of July several thousand Canadians will receive an unexpected, unfamiliar, and probably unwelcome piece of correspondence from the Canada Revenue Agency. That […]
June 26, 2019
Most Canadians have now filed their individual income tax return for the 2018 tax year and received a Notice of Assessment outlining their tax position for […]
June 26, 2019
It’s the financial “achievement” no one wants to have, but Canadians keep setting new records when it comes to the size of their household debt. And, […]
June 26, 2019
It would be entirely reasonable for Canadians seeking to buy their first home to feel that the odds are very much against them, for a number […]
June 26, 2019
By May 20, 2019, the Canada Revenue Agency (CRA) had processed just over 27 million individual income tax returns filed for the 2018 tax year. Just […]
May 24, 2019
For the majority of Canadians, the due date for filing of an individual tax return for the 2018 tax year was Tuesday April 30, 2019. (Self-employed […]
May 24, 2019
The deadline for payment of all individual income taxes owed for the 2018 tax year was April 30, 2019. For all individuals except the self-employed and […]
May 24, 2019
As every Canadian driver knows, gas prices seem to rise every spring, seemingly in lockstep with the warmer weather. This year, that annual trend has been […]
May 24, 2019
Although virtually no one looks forward to the task, the vast majority of Canadians do file their tax returns, and pay any taxes owed, by the […]
April 16, 2019
Both changes in the job market and increases in real estate prices over at least the past decade have made the goal of home ownership an […]
April 16, 2019
Most taxpayers sit down to do their annual tax return, or wait to hear from their tax return preparer, with some degree of trepidation. In most […]
April 16, 2019
Our tax system is, for the most part, a mystery to individual Canadians. The rules surrounding income tax are complicated and it can seem that for […]
April 16, 2019
By the time most Canadians sit down to organize their various tax slips and receipts and undertake to complete their tax return for 2018, the most […]
March 14, 2019
The Old Age Security program is the only aspect of Canada’s retirement income system which does not require a direct contribution from recipients of program benefits. […]
March 14, 2019
Each year, the Canada Revenue Agency (CRA) publishes a statistical summary of the tax filing patterns of Canadians during the previous filing season. Those statistics for […]
March 14, 2019
For many years now, there has been a persistent tax scam operating in Canada in which Canadians are contacted, usually by phone, by someone who falsely […]
March 14, 2019
While Canadian taxpayers must prepare and file the same form – the T1 Income Tax and Benefit Return – every spring, that return form is never […]
February 17, 2019
The fact that debt levels of Canadian households have been increasing over the past decade and a half can’t really be called news anymore. In particular, […]