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....
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Marie, who owns two rental properties with her spouse, noticed that their tax preparer didn't allocate the income 50/50....
Abe contributes the maximum to his TFSA and is ready to take the next step—but he wonders if an...
Though tax reporting can be complicated, on this point the answer is simple—at least, from the Canada Revenue Agency’s...
Here’s what you need to know about reporting your split to the CRA, as well as how to maximize...
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Whether to write off the cost of renovations annually, or upon the sale of the property, depends on how...
Corporations can choose to share a portion of profits with their employees by setting up a trust, called an...
The solution to minimizing any tax shocks? Mimic the "taxed at source" treatment most employees experience. Here's how.
Marcus and some friends turned a profit on their investment property. Trouble is, two of them plan to keep...
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Joint ownership makes access to the investments easier by a surviving spouse, but requires diligent record-keeping while you’re both...