November is Financial Literacy Month, and this year’s theme, ‘Talk Money,’ encourages Canadians to have open, honest conversations about their finances. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you! Learn how doing your taxes can put money in your pocket, help you save up for a home, or your retirement. We also share tips on how to protect your finances from scams and fraud.

Starting November 3, 2025, registrations for new business number (BN) or Canada Revenue Agency (CRA) program accounts must be done online. The CRA is moving away from phone-based registrations, so if you call the Business Enquiries (BE) line to register, you’ll be directed to the CRA’s secure online portal Business Registration Online (BRO).

This change is designed to make the registration process quicker, easier, and more secure for businesses. Here is what you need to know.

The Canada Revenue Agency (CRA) is committed to helping taxpayers correct their past tax mistakes. The Voluntary Disclosures Program (VDP) allows for well-intentioned taxpayers to voluntarily correct their tax affairs and receive some financial relief.

On October 1, 2025, changes to the VDP will come into effect. These changes will make it easier to correct unintentional filing errors or omissions and make the program more accessible.

Canadians have been contributing to tax-free savings accounts (TFSA) since 2009, enjoying tax-free investment growth. Did you know that it’s possible to overcontribute and be subject to tax?

A First Home Savings Account (FHSA) lets you save for a qualifying home with tax-free growth and tax-deductible contributions, making it a great option for potential first-time home buyers.

But, it’s important to make sure you don’t put too much into your FHSA. If you do, part of the tax-free growth you’re generating could end up going toward taxes anyway!

Here are some tips for how you can make the most of your FHSA and avoid any costly errors:

The Canada Revenue Agency (CRA) is enhancing and changing its authorization service for individuals. Here is what you need to know.

If you’re self-employed, tax season can feel overwhelming, but the Canada Revenue Agency (CRA) is here to help you! Whether you’re a sole proprietor, freelancer, or running a small business, understanding your tax obligations is key to staying on track. Here’s what you need to know:

The Canada Revenue Agency (CRA) is making it easier for newcomers arriving in Canada to apply for benefit and credit payments. Newcomers can now apply online, without mailing in the forms. It’s a quick and convenient way to apply.

Did you receive a letter from the Canada Revenue Agency (CRA) telling you that you owe money? We understand this can feel stressful, but we can work with you to resolve your debt.   

Understanding the tax filing and payment deadlines for Canadian businesses can be tricky since different businesses have different deadlines. When you factor in GST/HST responsibilities, it can be even more challenging. Use this tax tip as a quick reference for important due dates.

Submitting your change request online isn’t just faster, it’s also easy and secure. Some 2024 tax slips, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income) and T5 (investment income), were not available in My Account or through the Auto-fill my Return service as early as in previous years. So, if you forgot to include something on your tax return or spotted a mistake after filing, don’t worry. Here’s how and why you should submit your change request online.

The Canada Revenue Agency (CRA) understands that life can move fast, and tasks like filing your income tax and benefit return can slip through the cracks. The deadline to file a 2024 tax return was April 30, 2025, but you can still file if you haven’t yet.

Starting May 12, 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through CRA’s secure online portal, My Business Account, instead of by mail.

Filing an income tax and benefit return might not be the highlight of your year, but it allows you to receive any benefit and credit payments you’re entitled to, and you may even get a refund. Although the clock is ticking, there's still time to file! By following the tips below, you can file your tax return with ease before the deadline.

The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard sensitive information against ever evolving threats to its digital services.

Doing your taxes each year can feel like a big job, but you don’t have to do it alone! If you have a modest income and a simple tax situation, you might be able to get help from a volunteer at a free tax clinic.

A modest income is less than $35,000 for a single person and less than $45,000 for a couple. Your tax situation is simple if, for example, you don’t have a small business or income from a rental property.

Volunteers can help with your taxes for this year, and it is possible to get them to help you do your taxes going back 10 years.

It’s never been easier to do your taxes online. In fact, online filing gets you access to the benefits, credits, and refunds you may be eligible for even faster! Last year, approximately 93% of Canadians filed their income tax and benefit returns online either themselves or through a tax preparer.

For the 2024 tax year, the Canada Revenue Agency (CRA) will continue to administer the enhanced trust reporting rules as enacted for tax years ending on or after December 31, 2023. Affected trusts are required to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust), unless specific conditions are met.

Before calling us, try the tips below to save time this tax season! You might be able to find the information you’re searching for and avoid time on the phone during our busiest season.

If you file information returns, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income), or T5 (investment income), there are some important updates you need to be aware of.