Canadian Tax Advice - MoneySense

Taxes

Calculating taxes on an inherited RRIF

After inheriting a RRIF account, how to know what you owe the taxman

Randy’s wife is the beneficiary of her late mother’s RRIF, and she wants to avoid penalties and interest on the tax owing.

Taxes

Capital gains taxes explained

How capital gains are taxed and how to keep more of that money for yourself

Taxes

How non-residents are taxed on dividends and other forms of income

by Special to MoneySense

Taxes

How your tax bracket decides whether a TFSA or RRSP contribution is best

And why your tax bracket in retirement is also key

Real Estate

Calculating the tax on rental property sales when reno receipts are missing

by Special to MoneySense

Retirement

Should I invest my money or buy a life insurance policy instead?

by Special to MoneySense

Retirement

What it takes to retire at 45

Konstantino is 27 and hopes to retire by 45. He wants to know how that impacts his RRSP versus TFSA savings strategy.

Taxes

How to calculate capital gains tax for an employee share purchase plan

Kelly is confused about how to calculate the capital gains tax on her company savings plan shares.

RESPs

Investing tips for dual citizens of Canada and the U.S.

by Dan Bortolotti

Retirement

Getting the most out of retirement income planning with an older spouse

Ellen is curious how pension income splitting works when there is a big age difference between spouses. There are several considerations.