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Taxes

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“Records of my stock purchase have disappeared. What now?”

Tonya bought shares of a small company, which she sold at a loss. She’d like to use that loss...

“Records of my stock purchase have disappeared. What now?”

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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What you need to know about filing your 2019 tax return

Here is a quick primer on claims to take advantage of, the filing deadlines for employees and self-employed taxpayers,...

What you need to know about filing your 2019 tax return

Taxes

What to do if you haven’t filed an income tax return

The longer you wait to come clean, the harder the CRA will hit you with penalties and interest payments....

What to do if you haven’t filed an income tax return

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How does income from a rental property create RRSP contribution room?

And, perhaps more importantly, should Jerry, who’s retired, claim RRSP deductions or the capital cost allowance, to reduce his...

How does income from a rental property create RRSP contribution room?

Taxes

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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How should a 24-year-old invest now to minimize taxes in the future?

Abe contributes the maximum to his TFSA and is ready to take the next step—but he wonders if an...

How should a 24-year-old invest now to minimize taxes in the future?

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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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Taxes

Tax basics for newly separated parents

Here’s what you need to know about reporting your split to the CRA, as well as how to maximize...

Tax basics for newly separated parents

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