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.

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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...

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Should you sell investments at a loss to pay off debt?

When paying a high interest rate on debt, does it make sense to sell investments that have fallen before...

ETFs

ETFs and RESPs: It’s always a good time to invest in education

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Where should working retirees put extra income: A TFSA or an RRSP?

Working Canadian retirees may look at CPP and OAS as extra income. Is putting that money in a TFSA...

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The tax implications for Canadians selling foreign real estate

How are Canadians taxed on foreign property? Find out if you should report the sale on your tax return...

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What should Canadian investors do: Sell or hold with preferred share losses?

When taking a big loss on preferred shares, a MoneySense reader asks if he should hold or sell now.

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,...

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...