Ever wonder how to deal with tax on real estate sales in Canada? If you own a rental property or a real estate investment in Canada, and have sold or are thinking of selling, read this article for helpful tax tips that can save you thousands.
Do you own or are thinking of owning a property in the United States? When the Canadian dollar was on par with the US dollar, many Canadians bought U.S property. But now as the Canadian dollar weakens, some people want to sell and lock in their gains. In this video, I will discuss the cross … Continue reading Tax Implications of Canadians Selling US Property
The Federal Government is going to be taking more money from your paycheck and putting it towards the Canada Pension Plan. In doing this, their goal is to help support retired Canadians by giving them access to more retirement income.
The Chinese market represents a huge opportunity for Canadian businesses looking to expand and increase their sales. With that said, in this short video I will summarize the tax implications for Canadians doing business in China.
Canadian-Controlled Private Companies (CCPCs) currently enjoy a low business federal tax rate of 10.5% for profits below $500,000. Profits that exceed $500,000 are taxed at a higher federal rate of 15%. Provincial tax rates are extra. Previously, the Conservative Government planned to reduce the low federal tax rate (10.5%) to 9% over four years. However, … Continue reading How the 2016 Budget Could Affect CCPCs in Canada.
Are you a Canadian planning on temporarily working in the United States and are worried about how your payroll will be taxed? Learn about a strategy that will help you prevent double taxation and save your hard earned money along the way.
Do you have a significant amount of money in your RRSPs and are concerned about the high tax you will have to pay once you liquidate them? Read more to learn a useful strategy to liquidate your RRSPs today without having to pay tax and grow your savings tax efficiently.