When it comes to filing taxes, Canadians have embraced the digital. In 2025, about 93 per cent of tax returns were filed ...

Discover how Accumulated Income Payments (AIPs) from a Canadian RESP work, including withdrawal rules and tax penalties, if ...

Canada's tax agency says it doesn't expect Canadians who hold simple trusts, known as bare trusts, to file required tax forms ...

In 2025, approximately 93% of income tax and benefit returns were filed online. If you typically file on paper, why not enjoy the benefits of online filing? It makes filing simpler and offers many ...

This article originally appeared on PolitiFact. President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But ...

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

The Internal Revenue Service issued guidance Friday for workers eligible to claim the deduction for tips and overtime income for tax year 2025. Notice 2025-69 provides clarification on how to ...

The amount of taxes you pay on different forms of retirement income largely comes down to your state. When you live in America, one thing you've likely come to accept is the tax system. There are ...

President Donald Trump said Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10% because of an anti-tariff television ad aired by the province of Ontario. The ad used ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...