Tax season is well underway and if you plan on filing your own income taxes for 2023, then it's important that you get up to speed on any tax changes implemented by the Canada Revenue Agency (CRA).
Tax season is around the corner and many Canadians might be looking to file their taxes online. In fact, the Canada Revenue Agency (CRA) is recommending that residents file their taxes online for faster processing times and quicker tax returns.
The Canada Child Benefit (CCB) is a non-taxable payment designed to help qualifying families in Canada, and with inflation hitting new highs, rent going up and the cost of groceries skyrocketing, it's safe to say that many Canadian families dealing with economic uncertainty are looking for some financial breathing room.
As tax season fast approaches, navigating this time of year is certainly no easy feat and with a slew of new changes outlined by the Canada Revenue Agency, you may not be totally up to date ahead of filing your 2023 income taxes.
Amidst the rising cost of living in Canada, many residents are looking for ways to save more and spend less. The provincial government currently offers an array of benefits and credits, including the Cost of Living tax credit.