UFile Podcast Your taxes, your way

Top family tax credits and benefits

In this podcast, Gerry and Ida will discuss some of the top family tax credits and benefits.

Canada Child Benefit
Child Care expenses
Spousal amount and eligible dependant
Disabled child or spouse (Disability Tax Credit)

Detailed blog article on this topic: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2024/03/25/top-family-credits-and-benefits

UFile – Your taxes, your way – www.ufile.ca

In this podcast, Ida and Gerry will compare all three registered accounts offered by the federal government: RRSP, TFSA, and FHSA

*Introduction
*Basic characteristics
*Eligibility
*Contributions
*Contribution limits when withdrawing
*Expiry of accounts
*Transfers between accounts
*Conclusion

Detailed blog article on this topic: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2024/02/21/comparing-the-rrsp-and-the-tfsa-with-the-fhsa

UFile – Your taxes, your way – www.ufile.ca

Tax update 2023

In this podcast, Ida and Gerry discuss the upcoming tax changes for the 2023 tax return.

Tax-Free First Home Savings Account (FHSA)
Canada Worker's Benefit (CWB) advance payments
Residential property flipping rule
Multigenerational home renovation tax credit
Tradesperson tools expense deduction
Home office expenses - flat-rate method
Tax rate reduction - Quebec

Link of detailed blog article: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2024/02/07/tax-update-2023

UFile - Your taxes, your way

In this podcast, Ida and Gerry will discuss five overlooked tax deductions and credits:

Moving expenses
Carryforwards
Carrybacks (retroactive claims)
Medical expenses
Disability tax credit

Detailed blog article on this topic: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2023/04/18/five-overlooked-tax-deductions-and-credits

UFile – Your taxes, you way www.ufile.ca

In this podcast, Ida and Gerry discuss the components of the Canada Affordability Plan. The components are:

Doubling of the GST credit
Canada Dental benefit
Canada Housing Benefit

Blog article detailing the plan: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2023/01/10/canada-s-affordability-plan

UFile – Your Taxes, your way

In this podcast, Ida and Gerry will describe the upcoming tax changes for 2022 (and some for 2023). The changes that will be covered are:

Tax-free first home savings account (FHSA)
Labour Mobility Deduction (LMD)
Home Buyer’s amount
Home accessibility tax credit
Doubling of the GST credit
Canada Dental Benefit
Canada Housing Benefit
Immediate expensing of depreciable property
Canada Worker’s Benefit (CWB)
Staycation credit (Ontario)

Blog article detailing the tax changes: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2023/02/15/tax-update-2022

UFile - your taxes, your way : www.ufile.ca