Using whole life insurance for tax-free income in retirement
Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...
Small Business
Do I need a GST or HST number?
Even freelancers who haven’t yet hit the $30,000 earnings threshold should think about charging the goods and services tax.
Is the capital gains hike legally binding? What it would take to change the rules
A change to the capital gains inclusion rate takes effect on June 25. We look at the likelihood of...
How to prepare for future changes in tax policy—including capital gains tax
What do changes to capital gains in Canada teach us about tax planning generally? And how should we approach...
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“Can I use a personal credit card for business expenses?”—and other small business questions, answered
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Does Etsy submit your taxes?—This and more in our Canadian seller tax guide
Got a side hustle that involves crafting, vintage items or anything else you can sell on Etsy? This Canadian...
The best bank accounts for side hustles in Canada
The best bank accounts for side hustles including options with no fees, unlimited transactions, rewards, high interest, and no...
How are Uber drivers and other gig workers taxed in Canada?
If you earn money as a gig worker or an independent contractor—even for just a few hours a week—here...
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How are you taxed when you sell a small business?
How do you report the income from the sale of a small business? What are the tax implications? And...