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taxes

A man named Jing on his tablet at home

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Can you save on taxes by owning an investment account with your child?

Jointly owning an asset with a child comes with tax and estate implications. Here’s why it may not be...

Can you save on taxes by owning an investment account with your child?
A retired couple speak with an accountant about the tax implications of their inherited property

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How to calculate the adjusted cost base of inherited property

What happens if you inherit a property and have no record of its value at that time? How can...

How to calculate the adjusted cost base of inherited property

TFSAs

TFSA vs RRSP: How to decide between the two

Consider these five factors before deciding whether to contribute to a registered retirement savings plan (RRSP) or a tax-free...

TFSA vs RRSP: How to decide between the two
A retired couple look at a map while traveling across Europe

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Should Canadians keep their investment accounts when retiring abroad?

For Canadians who plan to retire to other countries, here’s a primer on the tax implications of leaving accounts...

Should Canadians keep their investment accounts when retiring abroad?

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Taxes

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.

Canada’s income tax brackets for 2023, plus the maximum tax you’ll pay based on income
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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?
A man reviews his capital losses on his cellphone at the office

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How to carry back a capital loss for a tax refund

Let’s look at the rules and restrictions around carrying back a capital loss, as well as three things to...

How to carry back a capital loss for a tax refund
A man making a layered cake to symbolize filing multiple years in Canada

Taxes

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,...

Can you file multiple years of income taxes together in Canada?

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Three people at different stages of their retirement wondering if CPP is indexed to inflation and more.

Retired Money

Inflation a scourge for retirees? Ottawa’s silver lining(s)

Inflation and taxes—both can affect retirement income. Thankfully CPP, OAS and GIS have inflation indexing. Here’s how it may...

Inflation a scourge for retirees? Ottawa’s silver lining(s)

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