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.

Tax season is almost here! Whether you’re a seasoned filer or it’s your first time, having the essential information can save you time and stress. It could even put more money in your pocket.

To help you, we’ve put together the key facts of what you need to know for this tax-filing season. This includes what’s new with our digital services and on the income tax and benefit return. 

Whether you’re a homeowner, are saving for your first home, or just bought your first home, there are tax incentives you should know about. These incentives could help you reduce housing costs and maximize your savings. The Canada Revenue Agency (CRA) is here to make sure you have the information you need to take advantage of them.

Filing your income tax and benefit return is the first step to accessing any benefit or credit payments, or deductions you may be eligible for. When you do file your tax return, here are some housing initiatives to keep in mind that could put money in your pocket.

This Financial Literacy Month (FLM) we are talking about money and sharing with you ways to improve your finances through improved tax literacy. Tax know-how doesn’t happen overnight, and that’s okay. Every bit of knowledge you gain can have a big impact on your financial health. We’re here to guide you, one step at a time.

November is Financial Literacy Month and this year, the theme is “Money on your mind? Talk about it”. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you!

Tax literacy means knowing how to make informed tax decisions with confidence. We are dedicated to boosting tax knowledge by helping you understand your tax responsibilities as well as the benefit and credit payments available to you.

Whether you’re here for the heat or not – we know one thing will never go out of season: benefit and credit payments and tax-free savings.

Read on to find out what’s new, what’s changing, and what payments you could receive to help you beat the heat.

If you bought, built, sold, or renovated a home in 2023, you might be wondering what that means for your tax situation. Don’t worry, the Canada Revenue Agency (CRA) is here to help. We have information about tax incentives that can help you with housing costs.

November is Financial Literacy Month, a time for organizations across Canada to come together to talk about personal finances, and how to manage different aspects of them. When we think about how best to manage our money, and what we want to accomplish with it, purchasing a first home is often at the top of the list. Let’s face it, it is not always easy to know what mechanisms are out there that we can take advantage of. That is why, in November, various financial organizations are talking about available financial tools and resources to get the conversation going!

If you bought, built, sold or renovated a home in 2021, we’re here to help you with your tax affairs. Here are some helpful tips and information to get you ready for this tax-filing season.

Claim $5,000 on your tax return: The home buyers’ amount (line 31270) is available if:

• you (or your spouse or common-law partner) acquired a qualifying home in 2021; and

• you did not live in another home that you or your spouse or common-law partner owned in the current year or any of the previous four years.