If you need to amend your 2025 tax return in Calgary, you are not alone. It happens to the best of us. You hit submit on your 2025 tax return, feeling a sense of relief, only to open your mailbox two days later and find a forgotten T5 slip or a late RRSP contribution receipt. […]
With the 2025 tax filing season upon us, families need to understand how their return will directly impact their Canada Child Benefit Calgary 2026 payments. As a tax professional serving Calgary families for over 20 years, I can confidently say most parents are leaving money on the table simply because they do not fully understand […]
When it comes to medical expense credits for 2025 in Calgary,, many taxpayers are surprised to learn how much they are leaving unclaimed. After more than 20 years preparing personal tax returns in Calgary, we can confidently say this: medical expenses are one of the most misunderstood credits on Canadian tax returns. The rules around […]
Separation or divorce brings many changes, including your tax situation. For your 2025 tax return (filed in 2026), the Canada Revenue Agency determines your marital status based on your situation as of December 31, 2025. If you were separated or divorced by that date, you file as single (or separated), which affects credits, deductions, and […]
Tax season is underway in Calgary, and many residents are seeking ways to lower their 2025 taxable income and increase refunds. One powerful tool is the Registered Retirement Savings Plan (RRSP). Contributions made by March 2, 2026, are deductible on your 2025 return, offering immediate tax relief and tax-deferred growth for retirement. The Canada Revenue […]
Property owners in Calgary saw higher tax bills in 2025. Median single residential assessments rose to $697,000 from $610,000 in 2024, reflecting market values as of July 1, 2024. Typical bills increased due to a 15 per cent average assessment growth and provincial education tax adjustments. Sole proprietors working from home benefit from deductions. Property […]
Tax season is in full swing in Calgary, and filing your 2025 return correctly is essential to avoiding interest charges and securing the refund you deserve. The Canada Revenue Agency sets a general deadline of April 30, 2026, for most individuals. If you or your spouse/common-law partner are self-employed, the filing deadline extends to June […]
Albertans experienced tax relief in 2025 with the introduction of a new provincial income tax bracket. The rate dropped to 8% on the first $60,000 of taxable income, down from the previous 10%. This change, effective January 1, 2025, provides savings of up to $750 for many individuals, depending on income level. Sole proprietors and […]
Albertans with battery electric vehicles paid a new annual registration tax in 2025. The province introduced this $200 fee per vehicle, collected at renewal or registration starting February 13, 2025. Plug-in hybrids remain exempt. Calgary drivers switching to electric models face this added cost. Individuals and sole proprietors can explore limited offsets through deductions, especially […]
Sole proprietors in Calgary can save time and avoid surprises by planning for taxes throughout the year. Regular tracking, proactive GST management, and guidance from a tax advisor help make tax season easier and more profitable. Why Year-Round Tax Planning Matters for Sole Proprietors Running a small business as a sole proprietor is rewarding but […]
