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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....

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4 strategies for income splitting with a lower-income spouse

If one spouse does not work, is it beneficial for the other to invest and buy stocks in their...

Taxes

2022 Income Tax Guide for Canadians: Deadlines, tax tips and more

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Scotiabank

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How spouses with joint accounts should claim capital losses

Presented By

Scotiabank

Taxes

How the self-employed can get organized

Get those receipts and documents in order—disorganization can affect your productivity and profit.

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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....

Financial Planning

Canada’s Budget 2023: What it means for you and your family

The federal government’s 2023 budget proposes a national dental care plan, a grocery rebate, changes to registered accounts, and...

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What happens to my RRIF when I die?

Here’s how to leave assets in your RRIF account to your spouse, common-law partner, children, grandkids or other beneficiaries—and...

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Should you withdraw from non-registered or TFSA investments in retirement?

When starting to draw down your investments in retirement, should you sell your non-registered or TFSA stocks, or both?