How to avoid tax on severance pay in Canada
Find out how you can reduce the tax payable on a severance payment, and what happens when receiving a...
Taxes
Alberta Pension Plan: Why Alberta wants to leave the CPP—and what would replace it
The province says pulling out of the Canada Pension Plan to create its own pension fund would benefit Albertans....
Should you use home equity to buy a house for your kids?
Some parents want to help their kids move out by borrowing against their home. Here’s how interest rates and...
How to report U.S. employment income in Canada
Canadian citizens who work in the U.S. have to meet Canadian and U.S. tax filing requirements. Here’s what to...
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How to avoid probate fees in Canada
Avoiding probate fees in Canada involves implementing strategies such as using beneficiary designations, joint ownership, and establishing trusts to...
Making a plan: How to withdraw money from a retirement account
Canadians have quite a few options for retirement savings. But before you look at when to retire and start...
What to know about withholding tax in retirement
Most retirees have taxes owing at the end of the year. Should you adjust the withholding tax on your...
Multigenerational Home Renovation Tax Credit: What is it and do you qualify?
New for the 2023 tax year, you might be able to claim the Multigenerational Home Renovation Tax Credit for...
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Side hustles and self-employment in Canada: Taxes, business expenses and more
If you recently started a side hustle or became a freelancer, you likely have questions about taxes, business expenses...