On December 12, 2024, the legislation to enact the Goods and Services Tax/Harmonized Sales Tax (GST/HST) break was passed into law by the Government of Canada. The GST/HST break lasts from December 14, 2024, to February 15, 2025, and gives a tax break on many everyday essentials. Types of items that qualify The GST/HST break includes certain qualifying daily necessities as well
Find key dates including filing and payment due dates and dates for receiving credits and benefit payments from the CRA. Filing dates for 2023 taxes Payment date for 2023 taxes Read More on CRA website
Aimed at students filing taxes for the first time, this blog would offer a step-by-step guide, simplifying the process. It would cover basic tax terms, essential forms, and deadlines, providing a clear pathway for first-time filers.
This post would be tailored for students who freelance or have part-time gigs. It would explain how to report income, manage invoices, and claim relevant expenses, ensuring students stay financially savvy and tax compliant.
Geared towards students interested in investing, this post would cover the basics of taxable accounts, the importance of TFSA, and how to report investment income on tax returns.
This post would be a guide for international students in Canada, covering how their tax filing differs, what credits they’re eligible for, and the importance of understanding treaty benefits.
Focusing on how student loans impact taxes, this blog would explain how to claim interest deductions on student loans. It would also discuss the tax implications of receiving scholarships, bursaries, and grants.
Aimed at students engaged in internships, it would discuss the tax implications of paid and unpaid internships, how to report this income, and what expenses (if any) can be deducted.
This blog would provide financial planning tips for students nearing graduation. It would cover budgeting for life post-graduation, managing student loan debt, and preparing for job-related expenses.
This would highlight tax benefits related to eco-friendly initiatives, relevant to environmentally conscious students. Topics would include credits for using public transit, purchasing eco-friendly products, or participating in environmental programs.