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...
Income Tax
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...
A company I hold stock in was acquired or merged—do capital gains apply?
Shareholders cannot always prevent a company sale or merger from going ahead. When that happens, do you still owe...
Payments for the Canada Workers Benefit arriving sooner—find out why
Low- and modest-income working Canadians will receive government support sooner than in previous years, in the form of CWB...
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Is semi-retirement stressful? You bet—here’s what to do about it
In semi-retirement, reducing stress may be more important than generating that extra taxable revenue. Here’s one way to say...
How to claim a child’s income below the basic personal amount
Even if a child’s earnings are exempt from income tax, they may be entitled to tax credits or deductions....
Should you move to Alberta?
Tempted by the call of the mountains? You might be wondering about moving to Alberta. Here’s what to know...
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How to calculate the taxable amount for a cashed-in whole life insurance policy
Is a whole life insurance cash value taxable? Spoiler: Yes. But find out how to calculate the taxable amount....