Latest Post in Taxation
Year-End Tax Planning Tips

As another year draws to a close, and given all the hustle and bustle of this time of year where certain things can get overlooked,...

Read more

2017 Income Tax Rates

Posted 23 May 2017 courtesy of Canada Revenue Agency

From 2015 there have been a few adjustments to the tax rates in place both...

Read More

How Flying South for the Winter Affects your Finances

Posted 20 Jan 2017 by Melissa Allan

Planning to be a snowbird? Be careful to plan and ensure that you’re not deemed...

Read More

2016 Income Tax Rates

Posted 07 Sep 2016 courtesy of Canada Revenue Agency

From 2015 there have been a few adjustments to the tax rates in place both...

Read More

How are Canadians Using TFSAs?

Posted 27 May 2016 courtesy of Mackenzie Investments

We've introduced the Tax-Free Savings Account before, but do many Canadians know what they...

Read More

Can new Canadians open a TFSA?

Posted 06 May 2016 by Lorna Maughan

Now that I have been here in Canada for over a year I am starting...

Read More

How Taxation Changes Will Affect Canadians

Posted 12 Feb 2016 by Rick Irwin, CFP, CLU

There is an old saying that the new broom always sweeps clean. This is certainly...

Read More

Universal Child Care Benefit (UCCB) Increase

Posted 26 Jun 2015 by Rick Irwin, CFP, CLU

There is no doubt that raising a family today is an expensive endeavor. Since 2006,...

Read More

2015 Income Tax Rates

Posted 15 Jun 2015 courtesy of Canada Revenue Agency

FEDERAL TAX RATES
  • 15% on the first $44,701 of taxable income, +
  • 22% on...

    Read More

Income Tax Filing Deadline Extended for 2015

Posted 29 Apr 2015 by Natalie LeBlanc

If you are one to wait until the last minute to file your income tax,...

Read More

How to Safely Send Sensitive Files

Posted 13 Apr 2015 by Natalie LeBlanc

With tax season in full swing, and some late or amended tax slips still arriving...

Read More

Automatic Withdrawals & Capital Gains

Posted 08 Apr 2015 courtesy of Invesco

Many investors have automatic withdrawals (AWD, or systematic withdrawal plans, SWP) that enable them to...

Read More

Big Tax Refund? Here's a Better Alternative

Posted 03 Mar 2015 courtesy of Dynamic Mutual Funds

When it comes to tax planning, many Canadians assume that a tax refund each spring...

Read More

RRSP Contribution Calculator

Posted 12 Feb 2015 courtesy of taxservices.ca

RRSP Contribution Calculator 2014 will estimate your RRSP tax savings based on your RRSP contribution...

Read More

File Your Taxes on Time! 2015 Deadlines

Posted 29 Jan 2015 by Victoria Holland, CMA

Most of us are aware of the reporting deadlines imposed on us as taxpayers. Yet,...

Read More

What is a Capital Gain?

Posted 13 Jan 2015 courtesy of Dynamic Mutual Funds

Let's say you bought 100 shares of ABC Corp. for $10 a share. It was...

Read More

10 Year-Round Tax Tips

Posted 08 Jan 2015 by Natalie LeBlanc

Tax time is coming. We all know it, some people are probably dreading it, but...

Read More

TFSA vs. RRSP Part 3: Motivation of deadlines

Posted 16 Dec 2014 by Rick Irwin, CFP, CLU

The final consideration in our series has to do with certain elements of human behavior....

Read More

Cross-border Investment & Tax Planning

Posted 09 Dec 2014 by Melissa Allan

Whether you're a Canadian who resides temporarily in the United States or you're a dual-citizen...

Read More

TFSA vs. RRSP part 2: When is one plan better?

Posted 28 Nov 2014 by Rick Irwin, CFP, CLU

As we've discussed in Part 1, the "better plan" usually depends on your individual situation....

Read More

TFSA vs. RRSP Part 1: Which Plan is Best?

Posted 21 Nov 2014 by Rick Irwin, CFP, CLU

There are many financial decisions before us as Canadians—do we pay down mortgage debt or...

Read More

New Tax Breaks: Income Splitting

Posted 31 Oct 2014 by Rick Irwin, CFP, CLU

On October 30th, the Conservative government finally delivered on its promise to introduce family-oriented tax...

Read More

Taxation in Retirement

Posted 06 Oct 2014 courtesy of Invesco

We all know the over-worn adage about the inevitability of death and taxes, but just...

Read More

Trusts for Small Business Owners

Posted 29 Sep 2014 courtesy of Invesco

The trust has existed under common law for centuries and can be devoted to a...

Read More

New Parenthood & Your Finances

Posted 09 Sep 2014 by Rick Irwin, CFP, CLU

The birth of your baby is the ideal time to review your insurance policies, your...

Read More

Common Law vs. Marriage

Posted 11 Aug 2014 by Melissa Allan

It seems more common in recent years that people don’t enter legal marriages and instead...

Read More

Pension Income Splitting

Posted 24 Jul 2014 courtesy of Invesco

In 2006 the Canadian federal government introduced the ability for seniors to split pension income...

Read More

Capital Loss Planning

Posted 23 Jun 2014 courtesy of Invesco

Market downturns can provide planning opportunities to take advantage of losses and offset other capital...

Read More

Changing the RRIF Rules

Posted 09 Jul 2014 by Rick Irwin, CFP, CLU

The C.D. Howe Institute recently released a research paper entitled ‘Outliving Our Savings’ suggesting the...

Read More

TFSA Over-Contribution

Posted 16 Jun 2014 by Natalie LeBlanc

In 2009 the Canadian government introduced the Tax-Free Savings Account (TFSA) to help Canadians grow...

Read More

CRA Online Access

Posted 06 Jun 2014 by Melissa Allan

We would highly recommend registering for an account under your individual Social Insurance Number with...

Read More

2014 Income Tax Rates

Posted 06 Jun 2014 courtesy of Canada Revenue Agency

Federal Tax Rates
  • 15% on the first $43,953 of taxable income, +
  • ...

    Read More

2013 Federal Budget Changes

Posted 06 Jun 2014 by Rick Irwin, CFP, CLU

The recent Federal budget proposed several changes that will have an impact on the financial...

Read More

Managing Your Severance

Posted 06 Jun 2014 courtesy of Dynamic Mutual Funds

Losing a job can be one of the most emotionally traumatic experiences you will ever...

Read More

Living Common-Law

Posted 06 Jun 2014 courtesy of Dynamic Mutual Funds

My friend's 25-year-old son just suffered the heartbreak of a relationship breakdown. The young couple...

Read More

Tax Minimization 101

Posted 06 Jun 2014 by Rick Irwin, CFP, CLU

Tax minimization is more than just simply maximizing the amount of money you keep in...

Read More