Discover how the First Home Savings Account (FHSA) works in Canada, including eligibility, contribution limits, tax advantages, withdrawals, and how it compares with RRSP and TFSA for first-time homebuyers.

Canadian residents must report worldwide income, including income and gains from foreign property. Learn how T1135 reporting, foreign rental income, capital gains, foreign tax credits, FIRPTA withholding, and the principal residence exemption affect your

Sending money from Canada to China is usually tax-free when the transfer is a genuine gift or family support. This guide explains Canadian tax rules, China’s 183-day residency test, CRS reporting, foreign exchange controls, and how the Canada-China tax tr

Understand the latest tax rules for sending and receiving money between Canada and Sri Lanka. Learn how family remittances are treated, who the new 15% foreign income tax affects, and how to stay compliant when transferring funds internationally.

Discover how Canada and Bangladesh treat remittances, gifts, and foreign income for tax purposes. Learn about Bangladesh’s 2.5% remittance incentive, FINTRAC reporting, and when transferred money may become taxable.

The T5 slip (Statement of Investment Income) reports interest, dividends, foreign income, and other investment earnings from non-registered accounts in Canada. Learn what a T5 slip includes, how to read its boxes, and how to report the income correctly on

The Canada Child Benefit (CCB) is a tax-free monthly payment from the CRA that helps families cover the cost of raising children under 18. This guide explains eligibility rules, payment amounts, shared custody rules, and how to apply to receive up to $7,9

The T4 slip is the most important tax document for employees in Canada. This 2026 tax season guide explains T4 boxes, filing deadlines, how to download your slip from CRA My Account, and what to do if your T4 is missing or incorrect.

A T3 slip reports income allocated from trusts, including mutual funds, ETFs, estates, and REITs. Learn what each box means, how return of capital affects your ACB, and how to correctly report T3 income on your Canadian tax return.

Cryptocurrency is taxed as property in Canada. Learn when capital gains apply, when crypto becomes business income, how the CRA calculates tax using ACB, and which transactions trigger tax events.

Canadian tax residents must report all worldwide income, including wages, investments, rental income, and pensions earned abroad. If your specified foreign property exceeds $100,000 in cost, Form T1135 filing is required. This guide explains who must repo