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
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 2025 | Federal & Provincial/Territorial Tax Brackets
You know there are tax brackets in Canada—but what are they this year? Wonder no more. Learn everything you need to know about income tax in Canada.
Capital Gains Tax in Canada in 2025
You may be familiar with the term capital gains, but if you’re not sure about the details or how it might apply to you (and how to try to minimize its impact), this article is for you.
The Ultimate Guide to T4 Slips
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.
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Average and Marginal Tax Rates
3 min read
Average tax rate and marginal tax rate are the ways taxes are applied and looked at in Canada’s progressive tax system. We break down both and how they might apply for you.
Canada Tax Brackets 2025 | Federal & Provincial/Territorial Tax Brackets
6 min read
You know there are tax brackets in Canada—but what are they this year? Wonder no more. Learn everything you need to know about income tax in Canada.
Alberta Tax Brackets 2025 | AB Income, Credits & Deductions
4 min read
Find out the 2025 tax brackets and information about tax in Alberta.
Ontario Tax Brackets for 2025 | ON Income, Credits & Deductions
5 min read
Here are the 2025 tax season brackets and rates for Ontario residents.
Québec Tax Brackets 2025 | QC Income, Credits & Deductions
6 min read
Here are the Québec tax brackets in 2025.
BC Tax Brackets 2025 | BC Income, Credits & Deductions | Wealthsimple
4 min read
Here are the 2025 tax brackets and rates for British Columbia residents.
Everything you need to know about the Canada Workers Benefit (CWB)
5 min read
If you're a low-income individual or family, you're eligible for refundable federal tax credits thanks to the CWB. Here's what you need to know.
How marriage and common-law unions change your tax status in Canada
3 min read
Got married or moved in together? Here’s what you need to know about your new tax status.
Capital Gains Tax in Canada in 2025
7 min read
You may be familiar with the term capital gains, but if you’re not sure about the details or how it might apply to you (and how to try to minimize its impact), this article is for you.
What is tax-efficient investing | Wealthsimple
3 min read
Tax-efficient investing is an investment strategy that aims to minimize the taxes investors will pay on investment gains, in order to maximize their after-tax returns.
Everything You Need to Know About T2125
1 min read
If you're self-employed or own a small business, then you'll need to file the T2125. Here's what you need to know.
How Income Splitting Works
5 min read
Income splitting happens when a higher-earning spouse transfers part of their income to their partner for tax purposes. Here’s why people do it.
Things to Know About Tax Refunds in Canada
6 min read
A tax refund is not free money. It’s the money you overpaid in taxes over the course of the tax year. Here’s what you need to know.
Everything You Need to Know About the T1
2 min read
Here's everything you need to know about the T1, which every Canadian needs to fill out each tax year.
Everything You Need to Know About the Canada Child Benefit
5 min read
If you live in Canada and have a child below the age of 18, you may be eligible for the Canada Child Benefit, a monthly tax-exempt payment administered by the Canada Revenue Agency. Here's what you need to know.
What Students Should Know About Their T2202 Form
5 min read
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.
What is T5 Slip? Return of Investment Income Explained | Wealthsimple
2 min read
Here's everything you need to know about the T5, which you'll need when you're reporting income from any investments you hold.
Everything you need to know about the T777
4 min read
If you're an employee and you're looking to claim work-related expenses on your taxes, then this form is for you.
Form T2201 – Disability Credit Explained
6 min read
Form T2201 determines if you qualify for a range of government benefits meant to help financially support Canadians with severe and prolonged disabilities. Here’s a guide.
Canada tax return basics and checklist
10 min read
New to Canadian tax returns? Check out the basics of filling out a tax return and filing your taxes in Canada.
What's Tax Loss Harvesting?
1 min read
Tax-loss harvesting is a strategy to help reduce the amount you may have to pay in taxes. Learn more.
A Guide to Self-Employed Taxes and Rates in Canada
7 min read
If you run your own business or have picked up some side gigs, the Canada Revenue Agency (CRA) considers you to be self-employed, which has significant tax implications.
What Is form TD1?
4 min read
TD1 is a Canada tax form used to calculate how much tax should be withheld from your paycheck. You hand it to your employer or pension payer.
OAS Clawback Explained
6 min read
The government gives you a helping hand when you get old, as long as you don’t make, what it considers, too much money. Here’s exactly how the OAS clawback works.
How to change your tax return after filing
2 min read
Filed your tax return and then realized you made a mistake? We’ll tell you how to change your return after it’s been filed.
How to File Taxes Online for Free in Canada
6 min read
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).
How to Withdraw RRSP Money Without Paying Tax
6 min read
Most early withdrawals from your RRSP come with taxes or penalties. But there are some exceptions.
Does Inheritance Tax Exist in Canada?
5 min read
In Canada, there is no inheritance tax, but there are special tax issues related to a deceased person’s assets and income. Here’s what you need to know.
RRSP Withholding Tax: How Much You'll Pay
6 min read
RRSP withholding tax is charged when you withdraw funds from your RRSP before retirement. Here’s how it works.
Canadian Income Tax Explained
10 min read
Here’s everything you need to know about Canada’s income tax system.
A Guide To Form T2200
4 min read
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.
An Overview of Form T4A
6 min read
There are eight variations of T4 slips specific to the type of income earned. The difference between a T4 slip and a T4A slip is that they detail earned income from different sources.
RIT/RIF on Your Bank Statement
1 min read
The term “RIT/RIF” refers to the refund you’re owed from the Canada Revenue Agency. Here’s how it works.
Seven Ways to Reduce Capital Gains Tax in Canada
6 min read
Capital gains tax is a way for the government to collect revenue on the profit you make from investments — including property. While you can’t avoid them entirely, you can do your best to minimize them, and here are six ways to do it.
The Ultimate Guide to T4 Slips
5 min read
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.
Everything You Need to Know About T778
5 min read
The T778 allows you to claim eligible child care expenses to reduce your taxable income. Here's what you need to know.
Everything You Need to Know About T2202
3 min read
If you're a student, you may be able to claim your tuition on your tax return via the T2202. Here's what you need to know.
What Is the RL-31 Slip?
4 min read
The RL-31 slip needs to be filled out by residents of Québec who rent out property. Here's what you need to know.