Personal income tax guide: deadline for filing your 2021 tax return, tax brackets and more


Income tax changes for 2021

The past two years have been unpredictable to say the least, and this uncertainty also applies to our filing of income tax returns. CRB or T2200, do you like it? If you don’t know what it is, we’ve got you covered in our 2021 Canadian Tax Update, including new tax programs and deductions. Get information on the Canadian Worker Lockdown Benefit, Home Office Deductions, How to Claim a Digital News Tax Credit, 15% Minimum Tax for High Income, Credits for home buyers and more.

Find out what’s new for the 2021 tax season.

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Tax Claims for Canadians

You probably know how to claim child care expenses, charitable donations, and registered retirement savings plan (RRSP) contributions, but what other deductions could you get? We list the most frequently missed tax claims. Find out if you are eligible for claims related to medical expenses, working from home, moving, tuition and school fees, investment costs, political contributions or buying your first home. And for each, we also include how to make the claim.

Read the full article: What Can You Claim From Your Income Taxes: 7 Deductions You Can’t Miss.

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How to start filing your income tax return

If you procrastinate with your tax return, know that you are not alone: ​​in 2020, over 60% of Canadians did not file on time. However, being late can get expensive, which is why we want to help you beat procrastination and avoid penalties and interest charges this tax season. Get motivated with the psychological tips in our article: How to Do Your Taxes and Overcome Procrastination.

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