What is the First Home Savings Account (FHSA)?
The First Home Savings Account (FHSA) is a Canadian registered savings plan designed to help individuals save for their first home. It combines features of a Tax-Free Savings Account (TFSA)…
Understanding the Registered Retirement Savings Plan (RRSP)
Registered Retirement Savings Plan (RRSP) is a tax-advantaged investment account in Canada designed to help individuals save for retirement. Contributions to an RRSP provide tax benefits, making it a popular…
Understanding the Declaration of Conditions of Employment (T2200)
The T2200 Form, also known as the Declaration of Conditions of Employment, is a Canadian tax form issued by employers to employees. It is used to certify that certain conditions…
Understanding the Tuition and Enrollment Certificate (T2202)
The T2202 form, officially known as the Tuition and Enrollment Certificate, is an important tax document issued by eligible Canadian educational institutions. It is used to claim tuition, education, and…
Simplify Tax Season: Set Up Your CRA My Account and Direct Deposit
Tax season doesn’t have to be stressful! Make the process easier and more convenient by creating your Canada Revenue Agency (CRA) account and setting up direct deposit for faster refunds…
Keep Your Information with the CRA Up-to-Date: A Tax Season Checklist
Address change with CRA As tax season approaches, it’s essential to ensure all your information with the Canada Revenue Agency (CRA) is accurate and current. This ensures smooth processing of…
How to File Your Taxes for the First Time in Canada
New comers taxes in Canada Filing your taxes for the first time in Canada might seem challenging, but it's a manageable process with the right steps. This guide will walk…
