How to Use Tax-Loss Selling to Minimize Taxes

Do you own stocks, bonds, mutual funds, or other marketable securities? Are you looking to get a tax advantage from selling money losing investments? Tax-loss selling may just be the tax strategy that is right for you!

Tax Benefits of Corporate Class Funds

Corporate class funds can be a very tax-efficient investment vehicle, particularly in Canada. Investing in these funds and holding them inside of a corporation can protect and defer you from significant tax implications.

How To Eliminate Your Tax Debt with the Canada Revenue Agency

Do you have outstanding tax debt obligations that you have to pay the Canada Revenue Agency? There are a few different methods in which you can eliminate this debt.

What Do You Know About Canadian Tax Shelters?

What do you know about tax shelters in Canada? It may be associated with tax evasion, illegal schemes, or other bad practices – however, not all tax shelters are bad news! Learn more through this week’s Tax Tip Weekly!

What are the Most Common Taxable Benefits for Employees?

If you have a job and are concerned about paying too much in taxes then this article is for you.  In this article, we will review the two most common taxable benefits that are provided by employers to employees.

What are the Top 5 Myths of the Family Tax Cut?

Are you confused about the family tax cut? Do you want to know the facts and myths? Read this blog to find out how the family tax cut can benefit you in this tax season

How Is Investment Income Taxed?

Keep reading to learn about how investment income is taxed to you personally, and the tax deductions that you can claim to reduce the taxable amount of investment income.

5 Pitfalls to Avoid While Doing Your Personal Taxes

With the upcoming personal tax filing season just around the corner, it is essential that you avoid these five pitfalls while doing your personal taxes.

What Work Related Costs Can I Claim as an Employee?

Being an employee has certain tax benefits. In fact, you can claim certain costs of going to work against your taxes. This will reduce your tax bill.

How to Minimize Taxes on Severance Payments

If you leave your job and you receive a severance payment, it is important to do tax planning, otherwise, you risk losing a big chunk of your severance package to the tax man.

New Tax Credits for the Year 2014

It’s that time of year again for filing your Canadian Personal Tax Return. As you know, the due date for filing your 2014 tax return is April 30, 2015.

Tax Implications for Canadians Travelling to the U.S.

Are you a Canadian snowbird? Make sure you understand the tax implications for Canadians traveling to the U.S.

Tax Implications of Selling or Gifting Your Cottage to a Family Member

Before being overly generous, consider the tax implications of selling or gifting your cottage to family.

Are Gifts Given to Family Members Taxable to Them?

Taxation on gifts to family members can be tricky. Usually the recipient does not have to pay taxes but the person who gives the gift might face personal taxes. There are a couple of tips that you can take to minimize or avoid taxes such as not giving gifts that can increase in value.

How Can I Lower My Tax Bill by Income Splitting with My Spouse?

So you want to know how can I lower my tax bill by income splitting with my spouse? Income splitting with a spouse is a very effective technique to reduce overall household tax liability. Some options within this technique involves letting the higher income spouse pay for all the house hold bills which frees the lower … Continue reading How Can I Lower My Tax Bill by Income Splitting with My Spouse?

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