Taxes

Learn how income taxes work in Canada, how to file them correctly, and discover common deductions and credits that can help you save money every year.

Redazione ICR5 08/09/2026

Tax Records Every Freelancer Should Keep Year-Round

Keep audit-ready tax records year-round: invoices, 1099s, receipts for every write-off, mixed-use proof, home office/vehicle logs, and secure backups.
Redazione ICR5 14/08/2026

What to Do Before Applying for a Mortgage: The Data-Backed Preparation Strategy

Prepare 6–12 months ahead: target 740+ credit, keep DTI under 36%, save 2–5% for closing costs, and season reserves with docs lenders require.
Redazione ICR5 31/07/2026

Tax Deductions Freelancers Commonly Overlook: The Ultimate Audit Checklist

Audit your freelance taxes with a checklist: track overlooked deductions like SaaS, payment fees, home office, mileage, health premiums, and more.
How to Choose the Right TFSA Investments for Maximum Growth
Redazione ICR5 17/07/2026

How to Choose the Right TFSA Investments for Maximum Growth

Learn how to choose the right TFSA investments by matching risk and timeline, using low-cost ETFs, and avoiding CRA pitfalls for maximum tax-free growth.
Redazione ICR5 03/07/2026

Tax Tips for Freelancers in Canada: The Ultimate Guide to Self-Employed Deductions

Learn CRA rules for Canadian freelancers: GST/HST $30K threshold, T2125 filing, CPP payments, quarterly installments, and maximizing self-employed deductions.
How to Choose the Right Tax Deduction Strategy
Redazione ICR5 26/06/2026

How to Choose the Right Tax Deduction Strategy

Learn when to itemize vs take the standard deduction using 2024/2025 thresholds, high-value write-offs, and freelancer Schedule C strategy.
Side Hustle Income and Tax
Redazione ICR5 23/06/2026

Navigating Side Hustle Income and Tax Reporting Basics

Learn what counts as taxable side income, how 1099-NEC vs 1099-K thresholds work for 2024/2025, plus key deductions and filing steps.
Redazione ICR5 19/06/2026

Common CRA Notice Letters and What They Mean

Decode common CRA notice letters in Canada: learn what NOAs, verification requests, and debt/benefit notices mean and when to act fast.
Redazione ICR5 09/06/2026

The Ultimate Guide to Tax Credits Newcomers Often Miss in Canada

Newcomers in Canada can miss big benefits by filing “later”—learn the zero income trap, RC151, CCB forms, and credits to maximize your first refund.