Understanding Canadian Taxes: Workshop Series
Selected theme: Understanding Canadian Taxes: Workshop Series. Welcome to an approachable, story-driven journey through Canada’s tax landscape, presented as an interactive workshop series. Learn, ask questions, and subscribe to follow each practical session.
Foundations of the Canadian Tax System
We break down how Ottawa and your province or territory share responsibilities, from income tax rates to credits. By the end, you will understand why two line items appear on your return and how they fit together.
Foundations of the Canadian Tax System
Discover what the Canada Revenue Agency administers, how assessments work, and which rights protect you. We will also show My Account basics so you can track notices, update details, and confidently manage your tax journey.
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Credits and Deductions That Matter
Deductions Versus Credits, Clearly Explained
Learn the difference between deductions that lower your taxable income and credits that reduce your tax payable. We demystify RRSP deductions, child care expenses, and moving costs, while reminding that TFSA contributions are not deductible.
Refundable Credits You Should Not Overlook
Understand the GST/HST credit and Canada Workers Benefit, including eligibility basics and application tips. Stories from past attendees show how small adjustments—like updated marital status—unlocked benefits they did not realize they were missing.
Education and Medical Relief, Step by Step
We explore the tuition amount, transfer opportunities, and the medical expense tax credit, with examples from real workshop participants. Learn documentation do’s, timing strategies, and how to avoid common filing pitfalls that delay refunds.
Self-Employed and Small Business Essentials
We explain the small supplier threshold and when registration becomes mandatory. See examples of quarterly revenue tracking, invoicing practices, and how registering can affect pricing, cash flow, and customer expectations across provinces and territories.
Investing, Capital Gains, and Registered Accounts
We compare RRSP tax deferral and contribution deadlines with TFSA tax-free growth and withdrawals. Real examples show how a balanced approach can reduce tax today, preserve flexibility, and support education goals without unpleasant surprises later.
