Incorporated business owners: Should you pay yourself a salary?
If you own an incorporated business, you can pay yourself a salary—but sometimes it’s the wrong choice.
Taxes
Federal Election 2021: Understanding the parties’ proposals on childcare—what could they mean for your finances?
Each of the three major political parties has promised financial relief for parents with kids in daycare. Financial planners...
Can you claim a principal residence exemption on real estate occupied by a child?
Jim has lived in his home, rented part of it to a tenant, and currently has his son living...
Are single seniors unfairly penalized at tax time?
Karen wonders if her latest tax bill is too high, and whether there's a way to avoid the social...
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Wealthsimple Tax review 2021
We break down what to expect from this "pay what you wish" income tax return preparation platform, offered by...
Understanding income attribution and how to deal with it at tax time
Paul and his wife have a non-registered investment account and want to make sure they are reporting the income...
Is life insurance taxable in Canada?
We list what to do to make sure you're not leaving your loved ones in a tax bind. Find...
Should you always split your pension income?
Narayan wants to know the best ways to save income tax, given the disparity between his income and his...
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Tax implications of building a laneway suite
Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be...