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In Canada, expecting mothers are entitled to various maternity and parental benefits, but the situation can differ significantly for self-employed individuals. While employees are automatically covered under the Employment Insurance (EI) program, self-employed workers must take additional steps
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As a psychotherapist in Canada, you have the opportunity to reduce your taxable income by taking advantage of various tax deductions available to you. Whether you’re self-employed or own a small private practice, understanding what expenses are deductible
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In 2019, the government commenced a two-part enhancement to the Canada Pension Plan (CPP), with full implementation to be completed in 2025. Phase 1 occurred from 2019-2023; phase 2 will occur from 2024-2025. Overall, the changes will require
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The tax-free FHSA was introduced in 2023 to help first-time home buyers save up to $40,000 for a home purchase. Individuals eligible to open an FHSA must be at least 18 years of age and resident in Canada.
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