Canadian Tax Advice - MoneySense

How to report U.S. employment income in Canada

Canadian citizens who work in the U.S. have to meet Canadian and U.S. tax filing requirements. Here’s what to...

How to report U.S. employment income in Canada

Daughter writes in asking about how to avoid probate in Canada for her mother's estate

How to avoid probate fees in Canada

Avoiding probate fees in Canada involves implementing strategies such as using beneficiary designations, joint ownership, and establishing trusts to...

How to avoid probate fees in Canada

A couple discussing their plan for retirement and pension withdrawals

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Making a plan: How to withdraw money from a retirement account

Canadians have quite a few options for retirement savings. But before you look at when to retire and start...

Making a plan: How to withdraw money from a retirement account

A retiree scrolls on his mobile phone while sitting on a park bench

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What to know about withholding tax in retirement

Most retirees have taxes owing at the end of the year. Should you adjust the withholding tax on your...

What to know about withholding tax in retirement

A grandmother, mother and young girl bake cookies together

Renovations

Multigenerational Home Renovation Tax Credit: What is it and do you qualify?

New for the 2023 tax year, you might be able to claim the Multigenerational Home Renovation Tax Credit for...

Multigenerational Home Renovation Tax Credit: What is it and do you qualify?

A smiling young woman works on a sewing machine

Careers

Side hustles and self-employment in Canada: Taxes, business expenses and more

If you recently started a side hustle or became a freelancer, you likely have questions about taxes, business expenses...

Side hustles and self-employment in Canada: Taxes, business expenses and more

Two woman discuss the tax implications of a company acquisition over coffee

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A company I hold stock in was acquired or merged—do capital gains apply?

Shareholders cannot always prevent a company sale or merger from going ahead. When that happens, do you still owe...

A company I hold stock in was acquired or merged—do capital gains apply?

A niece takes care of her uncle as power of attorney, is not his estate trustee.

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When does the role of power of attorney end—and estate trustee begin?

There are various roles for estate planning, including the POA and the estate trustee. Find out the difference between...

When does the role of power of attorney end—and estate trustee begin?

Son moves into rental condo that he owns with his parents. They wonder if they owe capital gains.

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When your child moves into your rental property: Capital gains and how to claim principal residence exemption

When an adult child moves into their parents’ rental property, the family should be clear on a few things,...

When your child moves into your rental property: Capital gains and how to claim principal residence exemption