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...
Taxes
“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,...
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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....
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...
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....
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...
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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...