Reducing Household Taxes Through CPP Sharing
If you are collecting or have applied to collect your Canada Pension Plan retirement pension benefits (CPP) and have a spouse or common-law partner (CLP) in a lower tax bracket, you may want to consider sharing your CPP benefits with them. Let’s look at the “why, how, what and when” of CPP sharing. Why share […]
TFSAs 101
The Tax-Free Savings Account (TFSA) allows Canadians to save and invest funds tax free in order to fund a wide variety of short and long-term financial goals. TFSAs were introduced in 2009 to provide Canadians with an additional tax-advantaged account to augment their savings for longer-term needs such as retirement, or for more immediate goals […]
Real Estate and U.S. Taxes: The Cost of Ownership
April 6, 2023 Download this article as a PDF. For many Canadians who are not otherwise U.S. persons (“Canadian”), owning property in the U.S. may represent an investment opportunity, a home away from home and an escape from the colder winter months. The complex nature of U.S. income tax rules related to property ownership and […]
Reducing Household Taxes Through CPP Sharing
Download this article as a PDF. If you are collecting or have applied to collect your Canada Pension Plan retirement pension benefits (CPP) and have a spouse or common-law partner (CLP) in a lower tax bracket, you may want to consider sharing your CPP benefits with them. Let’s look at the “why, how, what and […]
TFSA’s 101
Download this article as a PDF. The Tax-Free Savings Account (TFSA) allows Canadians to save and invest funds tax free in order to fund a wide variety of short and long-term financial goals. TFSAs were introduced in 2009 to provide Canadians with an additional tax-advantaged account to augment their savings for longer-term needs such as […]
Planning for Families Affected by Disabilities
Download this article as a PDF. More than one-fifth of Canadians over the age of 18 are living with disabilities,1 often with special needs which can entail significant costs. There is a vast network of supports, programs and tax rules designed to assist Canadians and ease the financial burden that can sometimes accompany a disability, but […]
Real Estate and U.S. Taxes: The Cost of Ownership
Download this article as a PDF. For many Canadians who are not otherwise U.S. persons (“Canadian”), owning property in the U.S. may represent an investment opportunity, a home away from home and an escape from the colder winter months. The complex nature of U.S. income tax rules related to property ownership and the financial consequences […]
2023 Tax Resources
March 9, 2023 Download our 2023 tax reference cards and resources. Corporate Tax Rate Card LIF and RLIF Minimum & Maximum Factors Form T1135 – Foreign Income Verification Statement Income Tax Information Slips Tax Information and Return Dates Province and Territory Specific 2023 Personal Tax Planning Cards
2023 Personal Tax Planning Cards
February 24, 2023 Download our province and territory-specific 2023 Personal Tax Planning Cards below. Alberta Tax Planning Card British Columbia Tax Planning Card Manitoba Tax Planning Card New Brunswick Tax Planning Card Newfoundland and Labrador Tax Planning Card Northwest Territories Tax Planning Card Nova Scotia Tax Planning Card Nunavut Tax Planning Card Ontario Tax Planning […]
RRSPs 101
A Better Understanding of a Registered Retirement Savings Plan Click here to download the PDF. What is a Registered Retirement Savings Plan (RRSP)? An RRSP is a retirement savings account available to any Canadian individual taxpayer under the age of 72 and to which they or their spouse/common-law partner can contribute — subject to their […]