
Evelyn Jacks
Contributing Editor at MoneySense
Best-selling financial author, award-winning educator, President Knowledge Bureau, passionate about tax. Proud mom, wife, loves animals, travel, witty people.
Articles
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1 week ago |
moneysense.ca | Evelyn Jacks
Jacks on Tax You can deduct a lot for valid automobile expenses, but you’ll need to keep a detailed record of your travels. One of the most vexatious—and most audited—provisions on your income tax return is the claim for automobile expenses. Why? Keeping an auto log is necessary to identify the personal versus business use of the vehicle, if you use it for both purposes.
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1 month ago |
moneysense.ca | Evelyn Jacks
Income Properties Whether you have renters in your home or another property, know that the money you make can affect your income tax return. Here’s how to stay on the right side of the CRA. Canadians love their real estate and they love renting their properties to make some extra money. However, that comes with some tax audit risk and the need to stay in the know of current tax law.
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2 months ago |
moneysense.ca | Evelyn Jacks
Jacks on Tax Here are two ways to manage the effects of tariffs in Canada, plus three statements to prepare to ensure you’ll be OK. The broad-based concern Canadians have about the effect of tariffs, including potential job losses or business failures, is an important trigger for individuals to get their financial affairs in order—sooner rather than later.
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Feb 5, 2025 |
moneysense.ca | Evelyn Jacks
Jacks on Tax You can’t just claim anything. In preparing to file your income tax return, you will need to provide receipts for proof. Here’s why. What receipts are required to submit/save for one’s personal tax return? I’m trying to trim the amount I need to put together to submit my taxes. —PepperIf you’re claiming any kind of tax deduction or credit, save the receipt and other back-up documents that support your claim—and hang on to it.
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Dec 4, 2024 |
moneysense.ca | Evelyn Jacks
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More mistakes from CRA. ..now the Department overpaid some Canadians in carbon tax payments and wants the money back. Again we see very serious systems issues. https://t.co/NB3AeUwOBQ via @nationalpost

Go Jets Go!!

Rental income and taxes: What's new for Canadian property owners in 2025 - My latest in MoneySense - https://t.co/1K6KNCgkAU #GoogleAlerts