Back to learn
Do I need to hire an accountant to do my taxes?
Rounding it up
There’s no getting around filing taxes if you live and work in Canada, but how you file your taxes is up to you.
You don’t need to hire an accountant to do your taxes if you have a simple financial situation and ample time. Plus, there are plenty of free resources if you’re on a tight budget.
If you own a business, have a complicated financial situation, or can’t handle doing your taxes on your own, it may make sense to hire a professional.
Hiring an accountant can save you time, energy, and money, and be well worth the cost in the end.
Ally Streelman
Ally Streelman is a storyteller whose work spans money, wellness, travel, and more with the chief goal of empowering readers. When she’s not stringing together sentences, you can find her immersed in a new city, cookbook, or novel or encouraging women to take hold of their financial journey.
Related articles
Is my home office tax-deductible?
7 mins
Ally StreelmanSettling into working from home by investing in your home office? Learn what expenses you can deduct to save money on taxes.
Is my home office tax-deductible?
7 mins
Ally Streelman
Settling into working from home by investing in your home office? Learn what expenses you can deduct to save money on taxes.
#tax
#work from home
#WFH
#deductible
How are retirement accounts taxed in Canada?
7 mins
Ally StreelmanLearn how — and how much — different retirement accounts are taxed. That way, you can find your best option for retirement savings.
How are retirement accounts taxed in Canada?
7 mins
Ally Streelman
Learn how — and how much — different retirement accounts are taxed. That way, you can find your best option for retirement savings.
#retirement
#tax
#RRSP
#TFSA
Tax season 101: What you need to know
6 mins
Dan BuchererThere are only two certainties in life: death and taxes. Read on to learn about the latter and how you can make them less painful each year.
Tax season 101: What you need to know
6 mins
Dan Bucherer
There are only two certainties in life: death and taxes. Read on to learn about the latter and how you can make them less painful each year.
#tax
#tax season
#tax returns
#credits
Are non-fungible tokens (NFTs) taxable in Canada?
5 mins
Dan BuchererThe tokens may be non-fungible but they’re not non-taxable. Read on to learn what you need to know about paying the CRA their dues.
Are non-fungible tokens (NFTs) taxable in Canada?
5 mins
Dan Bucherer
The tokens may be non-fungible but they’re not non-taxable. Read on to learn what you need to know about paying the CRA their dues.
#non-fungible tokens
#NFTs
#blockchain
#tax
What is value added tax? Is there VAT in Canada?
8 mins
Gaby PilsonIs sales tax a thing in Canada? And what the heck is VAT? We have all the answers to your burning tax questions here.
What is value added tax? Is there VAT in Canada?
8 mins
Gaby Pilson
Is sales tax a thing in Canada? And what the heck is VAT? We have all the answers to your burning tax questions here.
#tax
#value added tax
#VAT
#sales tax
Is cryptocurrency taxable in Canada?
7 mins
Cedric JacksonCurious about crypto? Discover the tax laws governing cryptocurrency in Canada so you can accurately report it on your taxes.
Is cryptocurrency taxable in Canada?
7 mins
Cedric Jackson
Curious about crypto? Discover the tax laws governing cryptocurrency in Canada so you can accurately report it on your taxes.
#crypto
#cryptocurrency
#tax
#CRA