How your net income gets calculated for tax and OAS
To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...
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CPP for non-residents of Canada: How to apply, report pension income and more
A Certified Financial Planner explains how the CPP process works for a non-resident of Canada and if a return...
Can seniors claim home renos on a tax return? If so, which ones?
Canadian seniors may be eligible for a tax credit on safety-related home renovations. Let’s look at the credits available...
Should I cash my RRSP to pay off my mortgage?
Four reasons why you might not want to tap your RRSPs to become mortgage-free.
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Invest or pay off debt: A comprehensive guide for Canadians
Is it better to invest your money or use it to pay down your mortgage or other debt? It...
How is a non-registered account taxed upon death?
Here’s a primer for Canadians planning for the tax payable on a non-registered account at death, including capital gains...
Moving money from RRSPs, RRIFs and TFSAs in retirement
To have liquidity and reduce taxes, Canadians can move money between registered accounts. But what are the tax, contribution...
How does a spouse’s death impact your TFSA contribution room?
A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the...
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Can Canadian investors save tax when a stock’s company goes bankrupt?
You may be able to get some tax relief when the stock of a company you hold goes bankrupt....