How is passive income taxed in Canada?
Investment income is subject to tax in Canada, including in some tax-sheltered accounts. Find out more about how passive...
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From groceries to flights to data plans: Why is Canada so expensive?
Things like competition, regulation and taxes all influence how much Canadians pay for common goods and services. Here’s why...
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...
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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What’s the RRSP deadline for 2023?
You still have time to add to your retirement savings and lower your taxable income before the RRSP deadline....
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...
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...
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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Side hustles and self-employment in Canada: Taxes, business expenses and more
If you recently started a side hustle or became a freelancer, you likely have questions about taxes, business expenses...