Canadian tax, financial and investing info, tax and other calculators, tables of tax rates/tax credits. Goal: to be THE free reference site for Canadian tax.
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TaxTips Nov 2026 Newsletter: Interesting updates for individuals, businesses, and tax & financial professionals.
#CdnTax #bcpoli #nbpoli #2027tax #employers #Employees
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TaxTips.ca retweeted
Team Canada Strong is our nationwide effort to recruit, train, and hire up to 100,000 new skilled trades workers across the country.
As part of that effort, we’re giving newly qualified Red Seal trades workers a $5,000 completion bonus.
Find out if you qualify 👇
canada.ca/en/employment-soci…
2027 Indexation
Personal tax amounts increase each year for indexation, but not in all provinces.
For 2027, indexation ranges from 0% to 3.6%, while actual inflation ranged from 2.5% to 6.1% for the 12 months ending Sep 2026.
#CdnTax #2027TaxBrackets
taxtips.ca/taxrates/calculat…
Life in the Tax Lane Nov 2026
- CRA Payment Tools
- Medical Travel - Affordability
- Taxable Benefit - Reimbursed Parking Costs
- Donation Receipts Missing Prescribed Information
- Trust Reporting Issues
#TaxPros #financialplanners #employers #investors
taxtips.ca/personaltax/life-…
BC's New Government - Tax Plan
BC's Conservatives platform includes several tax changes, including a personal amount increase from $13,216 to $32,000 for 2027, new Multigenerational Home Renovation Tax Credit, and more.
#bcpoli #homeowners #employers
taxtips.ca/bctax/bc-budgets.…
NB Small Business Investor Tax Credit Increased for 2026
The max non-refundable personal income tax credit was doubled to $500k per year, for investments of up to $1 million made after Mar 17/26 in strategic sectors.
#CdnTax #nbpoli #investing #investors
taxtips.ca/nbtax/personal-ta…
2026 Federal Budget - Release Date Nov 5
The announcement was preceded by a PBO Economic and Fiscal Outlook, which forecasts weakened economic growth, increased deficits and debt, and increased debt-to-GDP ratio.
#cdnpoli #Budget2026Canada
taxtips.ca/federal-budgets-a…
TaxTips.ca retweeted
Prime Minister Carney announces landmark investment to retrofit one million homes, cutting energy costs and emissions: pm.gc.ca/en/news/news-releas…
Many sports organizations and community associations will be affected by this, and will likely not realize it because they've never had to file.
doanegrantthornton.ca/insigh…
2026 & 2025 Quick Tax Calculator - Better Print Report
The printed report has been revised to show the details of how your tax payable is calculated, including all tax credits applied.
#CdnTax #BestQuickCalculator #employees #investors #seniors
taxtips.ca/calculators/quick…
2027 CPP Contribution Rates
Employee/employer max will be reduced slightly, from $4,230.45 to $4,209. Self-employed max reduced from $9,292.90 to $9,274. Thanks Jason Yee for accurate estimates!
#CdnTax #employees #employers #SmallBizCanada #selfemployed
taxtips.ca/cpp-qpp-and-ei/cp…
Oct 2026 Life in the Tax Lane
Lots of info!
- Productivity Mega Deduction / 100% Expensing
- Supplemental Canada Disability Benefit
- Definition of builder for GST/HST
- US tax on US citizens with investment property in Canada
- Garnishment orders from CRA
taxtips.ca/personaltax/life-…
2026 BC Snap Election Call by David Eby - Why?
2 years early, cost of approx $100M. Opportunistic move: opposition in disarray, ensure vote precedes the US midterm elections, which might make an anti-Trump platform unusable.
#CdnTax #bcpoli #DavidEby
taxtips.ca/bctax/2026-snap-b…
Eby's government has mismanaged finances, increased taxes, and put private property rights in question. Eby has said "We've got to end wasteful spending". This means that he admits there has been wasteful spending under his watch.
taxtips.ca/bctax/2026-snap-b…
Federal Bills Tabled: Building Canada Strong, Canadian Fuel Affordability
#cdnpoli #CdnTax #CollectiveBargaining #FuelTax
taxtips.ca/federal-budgets-a…
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BC NDP Pauses the Planned PST Expansion
The planned expansion was a measure included in the BC February 2026 Budget. Good news that it has been paused - cancellation would be better!
#CdnTax #bcpoli #BCPolitics #bcpst
taxtips.ca/bcpst/bc-pst-taxa…
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Another boneheaded anti-prosperity decision by @bcndp.
For 22 years, B.C.'s Major Projects Inventory tracked every project worth $15M+. $385 BILLION in the last count.
This week the NDP killed it. Reason: "priorities and resources."
You can't manage what you don't measure – and you can't sell investors a project you refuse to count.
ICBA's letter to Minister Kahlon: tinyurl.com/2c495jbh
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Records Retention by an #Individual or #Business
Tax + asset records need long retention:
• Assets: 6 yrs after sale
• Tax docs: 6 yrs after assessment
• Corporate records: 6 yrs after ceasing or 2 yrs post‑dissolution
#CdnTax #smallbizcanada
taxtips.ca/smallbusiness/boo…
Immediate Expensing for Depreciable Property
#CdnTax #smallbizcanada #TaxPlanning #BusinessTax #TaxDeduction
taxtips.ca/federal-budgets-a…
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Are You Properly Tracking the Cost of Your Real Estate, Investments, and Other Assets?
It's crucial to track the historical cost of real estate, jewellery, rare books, works of art, or stamp or coin collections. US$ investments must be converted to Cdn$.
taxtips.ca/glossary/adjusted…
