Tax Season

Income-tax filing deadline is today

Millions of taxpayers who have yet to file their 2012 tax returns have just hours to complete that annual ritual or face possible late filing penalties. The deadline is midnight tonight. 10:57 AM ET

10 tax-filing myths that could cost you money

There is no shortage of confusion and misinformation out there when it comes to filing your taxes – from skewed perceptions of tax refunds to simple misunderstandings about revenue agency rules. We bust 10 of the most common myths. 5:18 AM ET

Filing online? A guide to the latest tax software

Most Canadian tax returns are filed electronically these days, and it's not hard to see why. Services like EFile and Netfile are fast, secure, more accurate, and refunds can take as little as eight business days with direct deposit. With the April 30 filing deadline looming, we review what tax software is out there for those who want to go paperless. 2:32 PM ET

Tax Tips for 2013

Tax changes 7 changes for the 2012 tax year to be aware of New deductible medical expenses, easier online filing and other changes

Tax trivia Facts and figures showing how much tax Canadians pay 16 bits of tax trivia for those who are nuts about numbers

Foreign income Working abroad won't spare you from tax hit at home Tax treaties help ease tax burden but not entirely

Tax consultants 6 things to consider when paying to get your taxes done Come prepared and have a clear understanding of what services you need

Trends

RESPs Education savings plans are profitable but undervalued RESPs are a smart way of funding post-secondary education

Tax dodgers 10 of the worst tax dodgers in recent history From actors to politicians, many have no shame about snubbing tax man

Self-employed EI Self-employed slow to take up employment insurance Less than 0.5% have opted for coverage that offers parental, sick benefits

Advice

Income Splitting 6 ways income splitting could cut your tax bill Passing along family income to the lower-earning spouse can be smart option

Tax tips 9 tax-filing tips that will save you money From income splitting to transferring unused credits

Tax myths 10 tax-filing myths that could cost you money Misinformation, misunderstandings abound when it comes to tax system

Most Recent

Tax Countdown  
Tax Countdown


Credits & Benefits

Tax deductions When it pays to put off that tax claim It can sometimes be worth big money to defer a tax credit or deduction

Employee benefits 6 juicy tax-free benefits for employees Things your employer can offer you that aren't taxable

Capital Gains Tax break on stock, asset sales no longer as important Majority of Canadians invest through RRSPs and TFSAs

Health credits Tax deductions for medical expenses often overlooked An overview of health-related tax credits that will put money in your pocket

RDSPs Disabled ill informed about registered savings plans RDSPs underused but can bring big returns

RRSPs and Retirement Planning

RRSP Season 2013 The ins and outs of saving for retirement A special report with fresh perspectives on financial planning for your future

RRSP slackers Should younger Canadians worry if they don't have RRSPs? Most are juggling too many other expenses to save for retirement

Real estate Cooling house market could undercut retirement plans Selling your home to bankroll retirement is risky, experts warn

Retiring with debt How to deal with debt in retirement Experts suggest ways to help retirees manage debt