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Taxes

Some articles for those of us who dislike reading about taxes as much as paying them. Just the most important rules, regulations, and strategies to keep your tax bill as low as possible, and nothing else.

How to File Taxes Online for Free in Canada

By Andrew Goldman and Aja McClanahan

Learn how to file taxes online in Canada. This guide will go over the different options you have to submit a complete tax filing to the Canada Revenue Agency (CRA).

Canada Tax Brackets 2022-2023 | Federal & Provincial/Territorial Tax Brackets

By Lisa MacColl

You know there are tax brackets in Canada — but what are they this year? Wonder no more. Click here to learn everything you need to know about income tax in Canada.

Capital Gains Tax Canada | 2023 Short-Term & Long-Term Gains

By Lisa MacColl

If you're hearing about capital gains and have a capital headache trying to figure it out — you've come to the right place. Here’s what you need to know about capital gains and losses and how they are taxed in Canada.

The Ultimate Guide to T4 Slips

By Andrew Goldman

The T4 is the king of the jungle of tax slips. This quick guide will provide all the essential T4 info you’ll need about the famous T4 statement of income paid and taxes withheld.

An Overview of Form T4A

By Danielle Kubes

A T4 is an income statement used for tax purposes. This guide explains how the T4 details income you’ve received not captured on other tax slips, such as pension and annuities.

A Guide To Form T2200

By Andrew Goldman and Dennis Hammer

If you’re an employee who hopes to deduct work expenses, you’ll need Form T2200. This guide tells you everything you need to know.

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A visual guide to end-of-year registered account deadlines

By Wealthsimple

It can be hard balancing all of the different contribution deadlines — unless you have flowchart.

What Students Should Know About Their T2202 Form

By Warren Orlans

Students enrolled at designated educational institutions receive a form T2202, the Tuition and Enrollment Certificate, which tells the CRA how much tuition can be claimed on your tax return.

Everything You Need to Know About the T1

By Diana Grey

Here's everything you need to know about the T1, which every Canadian needs to fill out each tax year.

What Is a T5 Slip? Return of Investment Income Explained

By Diana Grey

Here's everything you need to know about the T5, which you'll need when you're reporting income from any investments you hold.

British Columbia Tax Brackets 2023 | BC Income, Credits & Deductions

By Danielle Kubes and Lisa MacColl

Here are the 2023 tax brackets and rates for British Columbia residents.

RRSP Withholding Tax: How Much You'll Pay

By Luisa Rollenhagen

RRSP withholding tax is charged when you withdraw funds from your RRSP before retirement. Here’s how it works.