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Should you hold on to unused RRSP contributions?

It may not be a good idea to save up unused RRSP contributions in order to save on future...

FHSA

Is the FHSA tax-deductible?

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Taxes

How to file your taxes online in Canada

Filing your return online this year? From no-frills tax prep software to full-featured packages, there’s an online tax service...

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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...

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FHSA withdrawal rules and rental property advice for a first-time home buyer

Renting out part of your new home may help cover some costs. But would it still be considered a...

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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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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...

Renovations

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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When your child moves into your rental property: Capital gains and how to claim principal residence exemption

When an adult child moves into their parents’ rental property, the family should be clear on a few things,...