Tax Tips
To be ready to file your taxes here are some recent CRA updates
Tax Credit for Tradespersons and Apprentice Mechanics
Updated: February 6, 2024
If you are a tradesperson or an apprentice mechanic you are able to claim up to $1,000 in eligible tools and receive a 15% tax credit.
Are you planning to purchase your first home?
Updated on January 8, 2023
In 2023 a new Tax Free First Home Savings Account (FHSA) became available for all Canadians to open and start saving up to $8,000/year to a maximum of $40,000 lifetime to purchase a first home. This plan carries many personal financial benefits when filing for taxes.
Updated on February 6, 2024
Did you know if you purchased your first primary residence, you are eligible for a one time $10,000 tax credit.
Tax Credit for Teachers
Updated on January 8, 2023
If you are a teacher or an early child educator you are able to claim up to $1,000 in eligible supply expenses and receive a 15% tax credit.
