Blog

Register online quickly and easily with the CRA’s electronic services

My Account is a secure portal that lets you view your personal income tax and benefit information and manage your tax affairs online. My Account – https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html Businesses e-Services  – https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/register.html Authorize a representative – https://www.canada.ca/en/revenue-agency/services/tax/representative-authorization/overview.html  

Read More

NEW REFUNDABLE COST OF LIVING TAX CREDIT

As announced by the Ministère des Finances, a new refundable cost of living tax credit has been created to help taxpayers in Québec deal with the rising cost of living caused by constantly increasing inflation. It will be paid out to eligible individuals who file their income tax return for 2021

Read More

Tax-Free First Home Savings Account (FHSA)

The FHSA offers prospective first-time home buyers the ability to save $40,000 tax-free. Like registered retirement savings plans (RRSP), contributions to an FHSA would be tax deductible. Like tax-free savings accounts (TFSA), income and gains inside an FHSA as well as withdrawals would be tax-free. Eligibility To open an FHSA,

Read More