Tag: Personal tax

2015 Year End Tax Strategies

2016 is just around the corner. Find out the 2015 tax savings strategies that you need to take advantage of before the end of the year.

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

Do you buy and sell stocks, bonds or mutual funds? Have you ever been in a situation where you have gained and your spouse has losses? There is a way that you can use your spouse’s losses to offsets your gains and save on tax by transferring capital losses to a spouse. We may have … Continue reading Transferring Capital Losses to a Spouse

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 How to defer capital gains tax with section 85 rollover

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 Tax Benefits for the Self-Employed

Charitable Donation Tax Credit Watch Video

Are you looking to make a charitable donation?

Charitable Donation Tax Credit

Are you looking to make a charitable donation? Well this tax tip might be just for you!

Minimizing taxes through tax loss selling strategies.

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!

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 How to Prepare Final Return of A Deceased Person in Canada

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.

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 legal representatives of deceased members.

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 Tax guide for legal representatives of deceased members.

Strategies to eliminate tax debt with CRA assistance.

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.

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