“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...
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Can Canadian investors save tax when a stock’s company goes bankrupt?
You may be able to get some tax relief when the stock of a company you hold goes bankrupt....
Is transferring your principal residence to your corporation a good idea?
Would swapping a house for cash from a corporation save on taxes? And is this tactic worth it in...
Year-end tax-saving tips for Canadians for 2024
Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before...
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Do you have to make quarterly tax remittances in Canada?
Here’s a guide to making the right tax installment payments, including answers to common questions about the process.
Can I sell my cottage tax-free?
Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...
Inheriting cottage and the capital gains implications
Jill's late husband left her a cottage. What happens if she transfers ownership to her stepchildren?
Reducing capital gains on a cottage
With planning and the right documents, the capital gains tax owing on a family cottage can be lowered. Here...
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Selling a cottage to a family member: What that means for capital gains
If the property was bought before 1994, there may already have a $100,000 capital gains deduction.