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Taxes

What you need to know about your 2020 income taxes

Tax filing and payment deadlines may still be months away, but you should start planning now to avoid a...

What you need to know about your 2020 income taxes

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Little-known tax deductions landlords should consider

From travel costs to collect rent, to picking up the tab for a service provider’s lunch, to the cost...

Little-known tax deductions landlords should consider

Taxes

The right way to report shared investment income on a tax return

Does changing the ratio of your contributions put you at risk for a CRA audit? And what’s the best...

The right way to report shared investment income on a tax return

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Can you reduce the amount of tax withheld on RRSP withdrawals?

David is shocked by how much tax is deducted from his RRSP withdrawals, despite his low income. What are...

Can you reduce the amount of tax withheld on RRSP withdrawals?

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Claiming income on a co-owned rental property

Marie, who owns two rental properties with her spouse, noticed that their tax preparer didn't allocate the income 50/50....

Claiming income on a co-owned rental property

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Who pays the tax on dividends earned in a joint account?

Though tax reporting can be complicated, on this point the answer is simple—at least, from the Canada Revenue Agency’s...

Who pays the tax on dividends earned in a joint account?

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“When should I claim the cost of renovations to my rental property?”

Whether to write off the cost of renovations annually, or upon the sale of the property, depends on how...

“When should I claim the cost of renovations to my rental property?”
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What is an EPSP, and how does it affect employees at tax time?

Corporations can choose to share a portion of profits with their employees by setting up a trust, called an...

What is an EPSP, and how does it affect employees at tax time?

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How are jointly held investment accounts taxed?

Joint ownership makes access to the investments easier by a surviving spouse, but requires diligent record-keeping while you’re both...

How are jointly held investment accounts taxed?

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