According to the CRA, when you or your spouse/common-law ... You cannot use any contributions that you made in 2024 as an FHSA deduction on your 2023 return. If you were a member of a partnership ...

Many of them are failing to take advantage of lucrative tax deductions courtesy of the Canada Revenue Agency (CRA) between stops. A claim for moving expenses includes many common expenses most ...

The 2023 claims of home-office expenses represent a 41.4% increase over the 2022 tax year, when $1.47 billion was claimed.

they must comply with provincial or municipal laws or else the CRA will deny them expense deductions. In 2023’s fall economic statement, the Liberal government proposed denying income tax deductions ...