DIY Tax Filing Mistakes That Cost Canadians $5,000+
Wealthsimple Tax is free for every return type, while TurboTax charges $24.99-$139.99 beyond basic T4s. A side-by-side comparison for Canadian filers.
How to Read Your T4 Slip Canada: Every Box Explained
Box 14 is gross employment income; Boxes 16, 18 and 22 show CPP, EI and tax withheld. At 2026 maximums, expect about $4,230.45 in Box 16 and $1,123.07 in 18.
Side Hustle Hit $30K? The CRA Registration Trap in 2026
GST/HST registration kicks in at $30,000 in gross revenue, not profit, in one quarter or any four straight quarters. Penalties and voluntary registration.
Wealthsimple Tax Review 2026: Is Free Filing Worth It?
Wealthsimple Tax is free for every situation, including self-employment and rental income. The $2/day home office flat rate ended after 2022; use the T2200.
CRA Home Office Expenses 2026: What Employees and Hybrid Workers Can Claim
CRA home office expenses for 2026: rules for employees and hybrid workers, the T2200, the detailed method, what's eligible and how to calculate your claim.
Renting a Basement in Canada 2026: The GST/HST Rule Landlords Miss
Long-term basement rent is GST/HST-exempt but taxable as income; short-term rentals trigger GST/HST at $30,000 a year. T776 filing and the change-in-use trap.
Basement Rental Income Tax & Deductions Canada 2026: What the CRA Lets You Claim
Renting out your basement in 2026? How rental income is taxed in Canada, which T776 deductions you can claim, CCA traps and the principal residence rules.
How RRSP Withdrawals Are Taxed in Canada: 2026 Guide
RRSP withholding tax is a flat 10/20/30% on the whole withdrawal, so $15,000 withholds $3,000. Scenarios and strategies to cut the tax you pay on withdrawals.
7 Tax Mistakes That Trigger CRA Scrutiny in 2026
Inconsistent income, mismatched T-slips and outsized deductions top the CRA audit trigger list. The home office flat rate ended after 2022. ReFILE and T1-ADJ.
The 10-Minute Tax Reset: Simple Hidden Deductions Everyday Canadian Workers Forget to Claim
Medical expenses, the DTC (about $9,617), union dues and moving costs often go unclaimed. The home office flat rate ended after 2022. A 4-step claiming guide.