Skip to main content

Featured

Trump Administration Backs GOP Push to Crack Down on Speech After Kirk Assassination

  Vice President JD Vance, right, Second Lady Usha Vance, center, and Erika Kirk, holding a cross on a chain, deplane Air Force Two, carrying the body of Charlie Kirk, the CEO and co-founder of Turning Point USA who was shot and killed, Thursday, Sept. 11, 2025, in Phoenix. In the wake of conservative activist Charlie Kirk’s assassination at a Utah college campus, the Trump administration has aligned with Republican leaders in a sweeping campaign to target individuals whose comments about the killing are deemed inappropriate or celebratory. Vice President JD Vance urged the public to report anyone making such remarks — even suggesting contacting their employers — while pledging to go after major donors to liberal causes. Several Republican-led states, including Florida, Oklahoma, and Texas, have launched investigations into teachers accused of making critical or mocking statements about Kirk. The U.S. military has also encouraged service members and civilians to report those who...

article

Maximizing Savings: A Guide to 2023 CRA Tax Breaks for Canadians

 



As we welcome the new year, it’s crucial to stay informed about the various tax deductions and credits available to Canadians. These financial incentives can significantly reduce your tax bill and potentially result in a substantial refund. Here’s a brief overview of six key tax breaks offered by the Canada Revenue Agency (CRA) for the 2023 tax year:

  • Dividend Tax Credit: Investors can benefit from this credit, which applies to dividends received from stocks like Fortis Inc. The credit is calculated based on a “grossed up” amount of the dividends, leading to a reduced tax bill.

  • RRSP Contributions: Contributions to a Registered Retirement Savings Plan (RRSP) are deductible, lowering your taxable income and, consequently, your tax bill.

  • Work-from-Home Deductions: Self-employed individuals can claim their entire workspace, while conventionally employed workers can deduct work-related expenses.

  • Disability Tax Credit: This credit provides relief for costs incurred due to a severe disability, offering a significant deduction for both oneself and eligible dependents.

  • Tuition Fees: Educational expenses, including tuition and textbooks, are eligible for a tax credit, easing the financial burden of higher education.

  • GST/HST Tax Credit: A direct payment is made to individuals with incomes below a certain threshold, helping to offset the Goods and Services Tax/Harmonized Sales Tax paid throughout the year.

By taking advantage of these tax breaks, Canadians can effectively manage their finances and save money as they navigate the complexities of the tax system. Remember, every deduction counts when it comes to maximizing your savings.

Comments