The Ultimate Canadian Tax Handbook: File Smarter, Save More (Paperback) (ISBN-13: 9798312557220)

THE ULTIMATE CANADIAN TAX HANDBOOK - SECOND EDITION
Fully updated for the 2026 tax year. File your 2026 return in spring 2027.

Most people buy a tax book in April, when it is already too late to change
anything. If you are reading this before December 31, you still have time to
act on your 2026 tax year - and that is where the real money is.

Doing your taxes in Canada should not feel like a second job. This
plain-English guide walks you through the Canadian personal income tax system
from the ground up, so you understand what the CRA actually wants, what you
are entitled to claim, and how to keep more of what you earn.

WHAT IS NEW IN THE SECOND EDITION
- Every bracket, contribution limit, benefit amount and threshold reviewed
and updated for the 2026 tax year
- Expanded FHSA coverage, including how it interacts with the RRSP Home
Buyers' Plan
- Rewritten GST/HST and T2125 chapter for gig and rideshare workers
- New section on the CRA reassessment process and what to do if you get a letter
- Updated software walkthroughs for NETFILE filing
- New worked examples throughout, running real numbers through real situations

WHAT YOU WILL LEARN
- How the system works: federal and provincial tax brackets, marginal versus
average tax rates, types of income, and the April 30 and June 15 deadlines
- Deductions and credits worth claiming: home office and employment expenses,
medical expenses, moving expenses, union dues, childcare, the Canada Child
Benefit, the Canada Workers Benefit, the disability tax credit, and tuition
credits from your T2202
- Registered accounts compared side by side: RRSP, TFSA, FHSA, RESP and RDSP,
including contribution room, withdrawal rules, and which to prioritise at
your income level
- GST/HST for the self-employed: when you have to register, how to file, and
what rideshare and delivery drivers get wrong on the T2125
- How to actually file: NETFILE, choosing between TurboTax, Wealthsimple Tax
and UFile, reading your Notice of Assessment, and what to do if the CRA
reassesses you
- Year-end moves worth making before December 31
- Record keeping that holds up under a CRA review

WHO THIS BOOK IS FOR
- Employees claiming work-from-home and employment expenses
- Freelancers, contractors and sole proprietors
- Gig and rideshare workers driving for Uber, Lyft, DoorDash, SkipTheDishes
or Instacart
- Students and recent graduates using tuition amounts and student loan interest
- Families splitting income and claiming childcare costs
- Newcomers to Canada filing a first Canadian return
- Seniors and retirees managing pension income, OAS clawback and RRIF
withdrawals

Worked examples run real numbers through real situations so you can see how a
rule applies before you apply it to yourself. Appendices and a glossary of
Canadian tax terms make it easy to look something up mid-return.

This book explains how Canadian tax rules work. It is not personalised tax,
legal or financial advice, and every figure should be confirmed against
current CRA publications before you file.

Author: Abdullah Sahli
ISBN-13: 9798312557220
Publisher: Independently Published
Language: English
Published: 02/23/2025
Pages: 110
Format: Paperback
Weight: 0.32lbs
Size: 9.00h x 6.00w x 0.28d