What to do if you overcontributed to your RRSP
If you’ve accidentally overcontributed to your RRSP, you may pay a tax penalty. Here are your options for promptly...
taxes
Work-from-home tax credit: What Canadians can claim
The flat-rate home-office expense deduction is no longer available for 2023. But eligible employees who work from home can...
Can you save on taxes by owning an investment account with your child?
Jointly owning an asset with a child comes with tax and estate implications. Here’s why it may not be...
How to calculate the adjusted cost base of inherited property
What happens if you inherit a property and have no record of its value at that time? How can...
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TFSA vs RRSP: How to decide between the two
Consider these five factors before deciding whether to contribute to a registered retirement savings plan (RRSP) or a tax-free...
Should Canadians keep their investment accounts when retiring abroad?
For Canadians who plan to retire to other countries, here’s a primer on the tax implications of leaving accounts...
Canada’s income tax brackets for 2023, plus the maximum tax you’ll pay based on income
Quickly find your federal and provincial tax brackets to help you prep for your 2023 income tax return.
How to carry back a capital loss for a tax refund
Let’s look at the rules and restrictions around carrying back a capital loss, as well as three things to...
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How does a TFSA work?
A tax-free savings account should really be called a tax-free investment account—because it allows you to hold not only savings,...