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    We want to give you as much value as possible. Our blogs and newsletters cover everything from T slips and tax deadlines, to tips on staying organized, and recommendations on great resources for small business owners.


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    What's new in 2023 taxes?

    As you prepare your 2023 taxes and consider the tax year ahead, here are the significant changes to personal taxes. You’ll want to stay up to date as many of these will keep more money in your...

    Mar 16, 2024

    Bare trusts: what you need to know

    Canada’s trust reporting rules changed in 2023, meaning there’s more paperwork if you have a trust, including bare trusts. In this blog, we’ll cover: 

    Mar 16, 2024

    Don't procrastinate: why filing your taxes on time matters

    When it comes to doing taxes, does the early bird get the worm? The deadline to file your personal taxes in Canada for 2023 is April 30, 2024. For self-employed individuals, the filing deadline is...

    Feb 12, 2024

    CRA scams and how to spot them

    Is your phone ringing off the hook with fake calls from the “CRA”? Are you receiving Canadian Revenue Agency emails insisting you click on a link? Text messages promising a benefit payment or refund?...

    Jan 21, 2024

    Year-end tax planning for small business owners

    December is busy for everyone, but it's also your last chance to take advantage of a few tax planning opportunities that could save you money this tax season. Year-end tax planning can help small...

    Dec 14, 2023

    What is the Underused Housing Tax (UHT)?

    As of January 1, 2022, Canada imposed an Underused Housing Tax (UHT), an annual 1% tax on vacant or underused housing ownership, including recreational properties. It’s billed as a foreign ownership...

    Mar 21, 2023

    Tax tips for separated parents: who claims child care expenses?

    If you’ve recently separated or divorced, you may be wondering how this affects your tax benefits and credits. For tax purposes, you are considered “separated” after living separately for 90 or more...

    Jun 05, 2022

    Child care expenses: the ins and outs of hiring a nanny

    Working parents juggle a lot. Finding the best child care for your kids means you can rest easy while you focus on building your business. Many families choose to hire a nanny for one-on-one care or...

    Jun 05, 2022

    How to file taxes in Alberta

    Tax season can be stressful, but it doesn’t have to be. With True North Accounting as your small business accountant, we provide support with everything from investment income and capital gains to...

    Apr 15, 2022

    Can a grandparent claim child care expenses in Alberta?

    We’ve shared information on claiming child care expenses, including what qualifies, how to determine eligibility and which parent should claim come tax season. But what if you have a family member...

    Mar 04, 2022

    Selling a rental property: tax implications

    Spring is just around the corner, which means it's the peak market for selling rental properties. Listing a home during this time has several advantages, including maximized curb appeal and ideal...

    Feb 28, 2022

    Tax tips: Claiming child care expenses in Canada

    As the world continues to change and office life comes back into mainstream culture, enrolling kids in child care is once again a reality for a lot of working Canadian families. This has implications...

    Feb 10, 2022

    How does capital gains tax affect you?

    It’s natural to speculate about rising tax rates with every government shift. Over the last few years, Canadians may have wondered whether they would see an increase in the capital gains inclusion...

    Dec 08, 2021

    2020 personal tax changes in Canada

    Wondering what's new with your 2020 personal taxes? From T slips to working from home, we’ll walk you through some changes you should know about this year. We’ll also cover various deductions: how to...

    Mar 24, 2021

    Your home office: how to get organized and claim small business expenses

    If you’re like most of us, you’ve been spending a lot of time in your home office lately. Whether you have a makeshift setup at your dining table or dedicated space with a fancy standing desk, there...

    Jan 17, 2021

    Getting through a CRA audit

    Nobody likes the idea of an audit — we’re here to demystify the process for you. This post will shed light on why you might get audited, what will happen if you’re audited and, if the CRA decides you...

    Oct 20, 2020

    How to register for CRA My Business Account and My Account

    Setting up your business and individual Canada Revenue Agency (CRA) accounts is not only important, it makes your tax life a lot easier. If you run a business, you’ll need both business and personal...

    Sep 13, 2020

    2019 personal tax year update

    As we dive into tax season, we want to give you an update on what’s new and different this year.

    The biggest change this year is a new tax credit called the Climate Action Incentive. We've got the...

    Mar 03, 2020

    Q&A with Megan Sutherland, financial planner in Calgary

    With the RRSP deadline coming up this Friday, March 1, we wanted to bring in the perspective of an investment advisor to shed some light on the topic of investing and taxes. Megan Sutherland is an...

    Feb 24, 2019

    2018 personal tax update

     As you get ready to prepare your 2018 taxes and think about the tax year ahead, here are the big changes to personal taxes. Many of them will keep more money in your pocket, so make sure you’re...

    Feb 13, 2019

    Not another brown envelope: CRA support

    Those brown envelopes with the little black Canada flag in the top left corner can raise the heart beat a little. Sometimes they contain a cheque! Other times you rip it open and it's a letter with a...

    Aug 29, 2018

    Reflections on tax season

    Still wondering why you owed so much tax this year? You’re not alone. In fact, many people found themselves owing taxes when they were expecting a refund.

    May 31, 2018

    2018 personal tax changes

    It’s tax season again. and just like every other year, there are changes that we want to share with you so that you’re up to speed on your personal taxes.

    Mar 27, 2018

    17 CRA deadlines to ignore if you hate money

    Deadlines. Deadlines. Deadlines. They are approaching and while we often get anxious about meeting them, the more we know about deadlines, the less chance we’ll miss them. Here are some of the CRA...

    Feb 26, 2018

    Donating responsibly

    It’s the season of charitable giving! Christmas events supporting great causes, the holiday message of generosity, and of course, Dec. 31, the last day of the tax year. Albertans give more to...

    Dec 06, 2017