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Taxes

Canadian parents with their adult children, having a good time, spending money on a dinner, knowing they have money in the estate for their adult kids. Is life insurance the answer?

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Do retirees need life insurance?

A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?

Do retirees need life insurance?

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Mortgage Guide for Gen Z: The true costs of home ownership for young Canadians

What is the cost of buying your first home as a Gen Z? Find out the total costs you’re...

Mortgage Guide for Gen Z: The true costs of home ownership for young Canadians

Benefits

Ontario Trillium Benefit payment dates in 2025, and more about the OTB

The Ontario Trillium Benefit is a combination of several tax credits. Here’s how the OTB works, who’s eligible for...

Ontario Trillium Benefit payment dates in 2025, and more about the OTB
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How are bonuses taxed in Canada?

If you’re getting a year-end work bonus or a raise, congrats! Before you spend it, know what deductions to...

How are bonuses taxed in Canada?

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News

What drove U.S. inflation in January 2025

Inflation prices jumped to 0.5% from January to December, which was the largest increase since August 2023.

What drove U.S. inflation in January 2025
A Canadian holding on to a receipt for their income tax filing.

Jacks on Tax

“I have receipts”: Why you need to keep Canada income tax documents 

You can’t just claim anything. In preparing to file your income tax return, you will need to save receipts...

“I have receipts”: Why you need to keep Canada income tax documents 
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How your net income gets calculated for tax and OAS

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...

How your net income gets calculated for tax and OAS

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What Canada’s deferred capital gains tax change means for your taxes

The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes...

What Canada’s deferred capital gains tax change means for your taxes

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Finance Minister Dominic LeBlanc attends a first ministers meeting in Ottawa on Wednesday, Jan.15, 2025.

Taxes

When does the capital gains tax inclusion rate increase take effect?

Ottawa defers effective date of capital gains changes to 2026 and promises exemptions for the tax inclusion increase.

When does the capital gains tax inclusion rate increase take effect?

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