November is Financial Literacy Month and this year, the theme is “Money on your mind? Talk about it”. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you!

Tax literacy means knowing how to make informed tax decisions with confidence. We are dedicated to boosting tax knowledge by helping you understand your tax responsibilities as well as the benefit and credit payments available to you.

Heading back to school? Make sure tax literacy is on your course calendar! Understanding taxes will help you make smart decisions about your finances – how to put money in your pocket and help you save for a holiday, a car, or a house of your own.

Life is full of responsibilities, from school and work to family and everything in between. We understand that taxes can easily slip to the bottom of your to-do list.

Don’t worry if you haven’t filed your 2023 income tax and benefit return yet – you still have time. Use the information below to help you complete and submit your tax return before the deadline.

If you’re an international student studying in Canada and a resident for tax purposes, you could get benefit and credit payments that can help with your cost of living. Check out our 3-minute benefits and credits video for everything you need to know about benefit and credit payments in Canada.

It’s time to hit the books again! As you’re getting ready to go back to school, there are some important things about benefits, credits, and taxes to keep in mind. Get organized now so you’ll get the benefits and credits that you’re entitled to and save yourself some headaches later.

As the new academic year approaches, helping your child understand taxes can set them up for success. There are many resources to enhance your child’s journey through the tax system, and the CRA are here to help.

We know how fast a Canada summer can pass us by, so we wanted to let you know about the Canada Revenue Agency (CRA)’s good news before you head off-grid to enjoy all of the natural wonders Canada has to offer!

Whether you already receive benefits and credits from the CRA, or not yet, we want you to know what’s new and what’s being updated this month since it might impact you!

This July will be exceptionally busy for CRA benefits and credits. We are offering new payments that you may be eligible for and adjusting existing amounts for the new benefit year!

Are you new to Canada and getting ready to file your first Canadian income tax and benefit return? Don’t worry, the CRA are here to help! They’ve put together tips and information to guide you through the process and answer your questions.

You can also watch their video for newcomers. It’s available in 13 different languages: Arabic, Cantonese, English, Farsi, French, Hindi, Mandarin, Punjabi, Russian, Spanish, Tagalog, Ukrainian, and Urdu.

The Government of Canada has proposed new financial support measures to make life more affordable for Canadians. The proposed Canada Dental Benefit would provide financial support for children under 12 years old if they receive dental care for which the parent has out of pocket costs and does not have access to a private dental insurance plan. The proposed one-time top-up to the Canada Housing Benefit would provide a $500 payment to low-income renters facing housing affordability challenges. The government also proposed to double the Goods and Services Tax Credit (GSTC) for six months for those who receive it.

For GSTC recipients who have already received a payment this year, there would be no need to apply for the additional payment. The additional GSTC amount would be issued to eligible recipients automatically.

Did you know that some Canadians are entitled to benefits and credits but they don’t know that they are? You may be leaving money on the table by not filing your income tax and benefit return.

The Canada Revenue Agency (CRA) wants you to receive the benefits and credits you’re entitled to. We use the information from your tax return to calculate your benefit and credit payments.

The only way to find out what you are missing is by filing!

GST/HST is collected on most taxable supplies of property and services made in Canada, with some exceptions. The Canada Revenue Agency (CRA) has information to help GST/HST registrants file and remit the GST/HST that they have collected.

Register for a GST/HST account if you are an eligible entity and haven’t already registered

To find out if you should register for a GST/HST account, click When to register and start charging the GST/HST.

A GST/HST account number is part of a business number (BN) that is received after registering for a GST/HST account online, by mail or by fax, or by telephone.

Non residents who want to register for a GST/HST account can visit: Guide RC4027, Doing Business in Canada – GST/HST Information for Non-Residents.

If you are First Nations, Inuit, or Métis, you are subject to the same tax rules as any other resident in Canada unless your income is considered tax exempt under section 87 of the Indian Act. To continue getting your benefit and credit payments, you need to do your taxes, even if your income is tax exempt or you had no income at all. Here are a few tips to help you get the benefits and credits to which you are entitled.

If you bought, built, sold or renovated a home in 2021, we’re here to help you with your tax affairs. Here are some helpful tips and information to get you ready for this tax-filing season.

Claim $5,000 on your tax return: The home buyers’ amount (line 31270) is available if:

• you (or your spouse or common-law partner) acquired a qualifying home in 2021; and

• you did not live in another home that you or your spouse or common-law partner owned in the current year or any of the previous four years.

Getting ready to file your income tax and benefit return? We have a few tips that could help you prepare, save time and ensure you receive all the benefits and credits that you are entitled to:

1. File your return on time

2. File your return online

3. Claim all your benefits, credits, and deductions

4. Enter all your income and COVID-19 benefit payment amounts

5. Make the right claims

6. Simplify your life with My Account

7. Pay on time

8. Keep receipts and documents