Armed with the right knowledge and guidance, claiming medical expenses in Canada can be a straightforward process that can yield significant…

CRA’s Multigenerational Home Renovation Tax Credit (MHRTC) The multigenerational home renovation tax credit is a new refundable tax credit that can…

In this article, information will be provided to give insight on the following topics: What are child care expenses? Child care…

As the world has become more interwoven, individuals have easier access to invest, work, and otherwise earn income from other countries. …

Updated 2025 May What are Spousal RRSPs? Spousal RRSPs are Registered Retirement Savings Plans available for married and common-law couples. Similar…

At this time of year, we see a lot of promotion of RRSPs from financial institutions and financial planners. They make…

This is a republish of our T1 FAQ from 2024 with updated information for 2025. What is the Tax-Free First Home…