Guide & Blogs

Deadline to file 2022 taxes is May 01, 2023. Please try to file before or on May 01, 2023 in order to avoid any penalties or interest if you owe CRA, and get your credit and benefit payments on time. If you own a business or self-employed deadline for you will be June 15.

• Sign up for Direct-Deposit with CRA to get your refund faster. 

• Register for My CRA Account and get access to all of your tax details. 

• E-file your income tax return to get it processed faster.

First-time home buyers who acquire a qualifying home are eligible to claim a federal non-refundable tax credit of up to $750 . The value of the HBTC is calculated by multiplying $5,000 by the lowest personal income tax rate (15% in 2022). 

When you prepare to file always keep in mind to get your T4 from your employer or T4s which worked multiple jobs through out the year and get your investment slips which have any Savings or investment account except TFSA with bank or any financial institute like Wealthsimple...Read more

• Be aware of filing dates and deadline

• Know all you will be reporting as income eg. Employment, Skip the dishes

• Know what you are going to claim for deduction and credits...Read more