Tax deductible expenses when selling a cottage in Canada
Minimize capital gains taxes on the sale of a cottage in Canada by making smart reno choices.
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Canada’s income tax brackets for 2023, plus the maximum tax you’ll pay based on income
Quickly find your federal and provincial tax brackets to help you prep for your 2023 income tax return.
Can you file multiple years of income taxes together in Canada?
Yes, you can file income tax returns for previous years. But with opportunity comes some things to consider first,...
How to fill out a personal tax return
Here are the simple steps to filling out your tax return in Canada.
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Contribute to RRSP or pay off mortgage?
Does it make sense to put some extra cash into an RRSP or use it to help pay off...
When your child moves into your rental property: Capital gains and how to claim principal residence exemption
When an adult child moves into their parents’ rental property, the family should be clear on a few things,...
How to calculate the taxable amount for a cashed-in whole life insurance policy
Is a whole life insurance cash value taxable? Spoiler: Yes. But find out how to calculate the taxable amount....
How to have the most tax-efficient retirement income plan
Should you plan your retirement savings around paying the least amount of taxes? Find out the implications and the...
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A strategy for non-registered and TFSA accounts in retirement
Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to fund retirement?