Tax
RRSP Guide: Contribution Limits, Deadlines and Withdrawal Rules
A plain English guide to RRSP contribution limits, the RRSP deadline, contribution room and withdrawal rules, with official CRA figures for 2026.
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Sofia Malik
Drawing on five years of experience in Canadian taxation, Sofia Malik helps clients prepare tax returns, claim eligible credits and meet filing deadlines. She writes about topics such as capital gains, foreign tax credits and RRSP contributions. By explaining CRA updates and tax rules, Sofia helps readers understand how these changes may affect their finances.
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Tax
How Input Tax Credits Work in Canada for GST/HST: A Complete Business Guide
If you're a GST/HST-registered business in Canada, you're likely paying sales tax on dozens of purchases every month, including software subscriptions, office rent, professional fees, vehicle expenses
Tax
How to Apply for an Individual Tax Number (ITN) in Canada (2026)
If you are a non‑resident who earns Canadian income or owns Canadian property, you may need a Canadian Individual Tax Number (ITN). To apply for an ITN, a non‑resident must confirm they are not eligib
Tax
Foreign Tax Credit in Canada Explained: What It Is, How It Works, and Who Can Claim It
Here is the real problem. You can get taxed twice on the same income. Once overseas, then again in Canada. The 2026 reality check is simple: the foreign tax credit is not one big number. In Canada, it
Tax
What is Capital Gains Tax in Canada? (Everything you need to know in 2026)
Canadians are investing more than ever, whether it’s in stocks, mutual funds, rental properties or small businesses, and the profits that come from selling these assets are subject to capital gains ta
Tax
Steps to Take After a CRA Notice of Assessment
Getting a refund feels like a win. Getting a balance owing can feel like a punch. Either way, your real job starts when your CRA notice of assessment lands in your inbox or mailbox. Think of it like t
Tax
What is Marginal Tax Rate in Canada and How to Calculate it?
Canada’s income‑tax system is progressive; the marginal tax rate you pay depends on how far your income extends into each tax bracket. Many people worry that earning a dollar more will push them into
Tax
2026 All Tax Deadlines in Canada: Important Dates for Corporate and Personal Taxes
As we head into the 2026 tax season, keeping track of every filing and payment deadline is essential for both individuals and businesses. Missing a due date can trigger late‑filing penalties , interes
Tax
How to Know Your Company Fiscal Year End In Canada
When you incorporate a business in Canada, you need to decide which fiscal year it will follow. This date isn’t just another number on the calendar; it influences everything from cash‑flow planning to
Tax
How to Pay CRA Tax in Canada
Paying your tax to the Canada Revenue Agency, also known as CRA, is an important part of staying compliant in Canada. Whether you need to pay personal income tax, corporate tax, GST/HST , payroll dedu
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