Claiming Your Investment Expenses

You can save on your taxes by claiming certain investment expenses which can reduce your taxable income. You can claim some direct costs related to your investing as well as interest on investment loans. Claiming Investment Expenses Claim these direct costs If you use...

7 Income Splitting Strategies For Families

Our Canadian tax system has graduated tax brackets that result in people with earnings in higher tax brackets paying a greater amount of tax. Income splitting is a tax planning technique designed to shift income from a high-income earning taxpayer to a family member...

RRSP Strategies: Beyond The Basics

RRSPs are a valuable tool for many taxpayers, which is why they are the backbone of many retirement plans. Getting the most out of your RRSP often involves thinking several years ahead, rather than just when the contribution deadline is looming. Here are five RRSP...

What Are You Doing With That Tax Refund?

Canadians are an optimistic bunch this tax season. Two-thirds of tax filers expect to receive a refund this year, according to the latest survey data from TurboTax Canada. Most financial experts, including me, will tell you that getting a tax refund is not necessarily...

Tax Deductions and Tax Credits: What’s The Difference?

Canadian taxpayers have until April 30th, 2017 to file their 2016 taxes. However, before the calendar turns over to a new year many Canadians want to know how best to maximize their tax refund or minimize what they owe the government. The two main ways to reduce taxes...

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