Category archives: Income Tax

New Credits That Can Help Reduce Taxes and Increase Refunds for Families and #Giveaway

New Credits That Can Help Reduce Taxes and Increase Refunds for Families and #Giveaway

It’s still early in the year but it’s never too soon to start thinking about your taxes. It may not be a favourite topic but taxes are an important part of your financial plan. And there are some new credits that could yield bigger refunds for Canadian families over the...

6 Smart and Fun Ways to Use Your Tax Refund

6 Smart and Fun Ways to Use Your Tax Refund

Tax time always brings out mixed emotions. There's a little bit of fear, some irritation and eventually a little excitement if you're getting a tax refund. Of course, all the experts would tell you that celebrating a huge tax refund is a mistake since you're giving the government an interest-free...

Worried About Filing Your Taxes Late?

Worried About Filing Your Taxes Late?

We all love tax season, right? Well maybe you do if you are expecting things to be easy and you are counting on a nice tax refund. However, I think it is safe to say that many of us dread this time of year, and even though we know that...

Top 5 Tax Tips for Families with Children

Top 5 Tax Tips for Families with Children

It’s no secret that raising children can be expensive. From clothes and shoes that they regularly outgrow, to extra-curricular activities, the costs can quickly add up. But rest assured, your pint-sized loved ones provide opportunities for many tax benefits and credits as well. In fact, some credits start to roll...

Tax Credit for Canadian First Time Home Buyers (HBTC)

Tax Credit for Canadian First Time Home Buyers (HBTC)

In 2009 the Government of Canada introduced a new tax credit. It is a tax credit designed to assist first-time homebuyers with some of the costs that they may incur when purchasing a new home. As a new home buyer you may be able to claim $5,000 on your tax ...