Personal tax Archives

Tax Tips for Fresh Grads Watch Video

If you have just finished school, and are just starting out your professional life

3 Tax Savings Strategies for 2015 Watch Video

Prime Minister Trudeau promised that taxes will be going up for the rich

2015 Year End Tax Strategies Watch Video

2016 is just around the corner. Find out the 2015 tax savings strategies

Transferring Capital Losses to a Spouse Watch Video

Do you buy and sell stocks, bonds or mutual funds?

How to defer capital gains tax with section 85 rollover

If section 85 didn’t exist what would happen? Without the rollover, a sole proprietor would sell their assets to a corporation for current market value instead of initial purchase price. This would result in the proprietor paying taxes on the assets difference in value. The sole proprietor is only trying to transferhis or her own … Continue reading

Tax Benefits for the Self-Employed

TAXATION There are many tax advantages for self-employed Canadians who work from home and hire family members in their business. The December holiday season is a time for home and family. This year, if you are self-employed, you may want to consider incorporating home and family into your business to create tax benefits for both … Continue reading

Charitable Donation Tax Credit Watch Video

Are you looking to make a charitable donation?

How to Use Tax-Loss Selling to Minimize Taxes Watch Video

Do you own stocks, bonds, mutual funds, or other marketable securities?

How to Prepare Final Return of A Deceased Person in Canada

INTRODUCTION This article provides an in-depth review of PREPARING THE FINAL RETURN OF A DECEASED PERSON in Canada, including taxation of: Dividends & interest Employment income Old Age Security Canada or Quebec Pension Benefits Pension Income Splitting Employment Insurance Investment Income Rental Income Death Benefit RPP, RRSP, RRIF Tax Deductions When an individual passes away, … Continue reading

Tax Benefits of Corporate Class Funds Watch Video

Corporate class funds can be a very tax-efficient investment vehicle, particularly in Canada.

Tax Guide for the Legal Representative of a Deceased Family Member

The death of a loved one is often a trying time for family and friends. This could make filing a final tax return for the deceased a daunting, emotional and often even frustrating task for family and friends still coping with the tragic loss. With that being said, this article is meant to ease this … Continue reading

How To Eliminate Your Tax Debt with the Canada Revenue Agency Watch Video

Do you have outstanding tax debt obligations that you have to pay the Canada Revenue Agency?

Moving Expense Tax Deductions

There are various deductions that are available for an individual who is preparing a tax return. Today, we will talk about moving expense, who are eligible for it, and the amounts that should be claimed for these deductions when you file your tax return. Conditions on eligibility Primarily, you must be a deemed or factual … Continue reading

How Are Uber Drivers Taxed in Canada

If you live in a major metropolitan area, you have probably heard the term ‘uber’ slowly drifting into everyday conversation. Instead of people saying “let’s grab a taxi”, people are saying “let’s grab an uber” instead. If you have never heard of uber, it is essentially a ride sharing program that is operated from the … Continue reading

Tag: Personal tax