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Taxes

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Claiming income on a co-owned rental property

Marie, who owns two rental properties with her spouse, noticed that their tax preparer didn't allocate the income 50/50....

Claiming income on a co-owned rental property

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How should a 24-year-old invest now to minimize taxes in the future?

Abe contributes the maximum to his TFSA and is ready to take the next step—but he wonders if an...

How should a 24-year-old invest now to minimize taxes in the future?

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Who pays the tax on dividends earned in a joint account?

Though tax reporting can be complicated, on this point the answer is simple—at least, from the Canada Revenue Agency’s...

Who pays the tax on dividends earned in a joint account?

Taxes

Tax basics for newly separated parents

Here’s what you need to know about reporting your split to the CRA, as well as how to maximize...

Tax basics for newly separated parents

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“When should I claim the cost of renovations to my rental property?”

Whether to write off the cost of renovations annually, or upon the sale of the property, depends on how...

“When should I claim the cost of renovations to my rental property?”
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What is an EPSP, and how does it affect employees at tax time?

Corporations can choose to share a portion of profits with their employees by setting up a trust, called an...

What is an EPSP, and how does it affect employees at tax time?

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How to avoid tax-payment nightmares when RRIF withdrawals start

The solution to minimizing any tax shocks? Mimic the "taxed at source" treatment most employees experience. Here's how.

How to avoid tax-payment nightmares when RRIF withdrawals start

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When your investment partners don’t play by the CRA’s rules

Marcus and some friends turned a profit on their investment property. Trouble is, two of them plan to keep...

When your investment partners don’t play by the CRA’s rules

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How are jointly held investment accounts taxed?

Joint ownership makes access to the investments easier by a surviving spouse, but requires diligent record-keeping while you’re both...

How are jointly held investment accounts taxed?

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