Is a personal injury settlement taxable, and can it impact OAS or GIS benefits?
After receiving a personal injury settlement, J is looking for advice on how it might be taxed, and whether...
Taxes
4 ways to pass along the family cottage
Minimizing tax is only one factor to consider when passing on the family cottage.
Little-known tax deductions landlords should consider
From travel costs to collect rent, to picking up the tab for a service provider’s lunch, to the cost...
What you need to know about this year’s tax-filing extension
Recognizing the financial upheaval caused by COVID-19, the Canada Revenue Agency has given most of us extra month to...
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“Records of my stock purchase have disappeared. What now?”
Tonya bought shares of a small company, which she sold at a loss. She’d like to use that loss...
The right way to report shared investment income on a tax return
Does changing the ratio of your contributions put you at risk for a CRA audit? And what’s the best...
What you need to know about filing your 2019 tax return
Here is a quick primer on claims to take advantage of, the filing deadlines for employees and self-employed taxpayers,...
What to do if you haven’t filed an income tax return
The longer you wait to come clean, the harder the CRA will hit you with penalties and interest payments....
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How does income from a rental property create RRSP contribution room?
And, perhaps more importantly, should Jerry, who’s retired, claim RRSP deductions or the capital cost allowance, to reduce his...