Tax Info

Filing Guide

How to file, which slips you need, what you can deduct, and which benefits you can claim — step by step.

Filing Guide

Late-Filing Penalties and Repeated Failure-to-Report Income: How CRA Penalties Compound

Learn how CRA late-filing and repeated failure-to-report penalties escalate, with insights from recent Canadian court cases. Avoid costly mistakes.

Filing Guide

IRS Updates FAQs on the Qualified Overtime Deduction

On August 6, 2026, the Internal Revenue Service announced updated frequently asked questions on the deduction for qualified overtime compensation. The dedu

Filing Guide

IRS Updates FAQs on the Qualified Overtime Deduction: What Filers Should Know

On August 6, 2026, the IRS updated its frequently asked questions on the deduction for qualified overtime compensation. The update comes as the new deducti

Filing Guide

Saver's Match Moves Forward: Treasury and IRS Announce Intent to Propose Regulations

On August 7, 2026, the U.S. Department of the Treasury and the Internal Revenue Service issued Notice 2026-48, announcing their intent to propose regulatio

Filing Guide

Saver's Match Moves Closer: Treasury and IRS Signal Proposed Regulations for the 2027 Launch

On August 7, 2026, the Treasury Department and the IRS announced — via Notice 2026-48 — their intent to propose regulations implementing the federal Saver'

Filing Guide

National Taxpayer Advocate Issues 2026 Mid-Year Report to Congress

National Taxpayer Advocate Erin M. Collins released her Fiscal Year 2027 Objectives Report to Congress on June 24, 2026, assessing the 2026 filing season a

Filing Guide

27 States Join New Federal Scholarship Tax Credit Program

On June 8, 2026, the IRS announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, enacted as part of the

Frequently asked

What do newcomers need for their first tax return?

Typically your SIN, income slips (T4/T5), your date of landing, and details of foreign assets (to assess whether T1135 applies).

How do I claim the GST/HST credit and Canada Child Benefit?

Filing is the application — CRA assesses the GST/HST credit and CCB automatically from your return, so file on time to keep them flowing.

From official sources · cited · not tax advice