[ad_1] For many Canadians, retirement is a date circled on a calendar rather than a concept. It is a moment in time when rush hour commutes are replaced by long walks on the beach. The problem is not every senior wants to, or is able to, retire and some mid-career savers could take a different […]
Companies caught in digital services tax crossfire as CRA wo…
[ad_1] The Canadian government has been introducing tax policy by press release for far too long. Sometimes it’s inevitable in order to restore fairness to the system or to curb perceived abuses. Lately, however, these press releases have been the tool du jour. For example, during COVID-19, tax practitioners were often glued to their screens […]
Carney needs to deliver 'Big Bang' tax reform to g…
[ad_1] If all you have is a hammer, everything starts to look like a nail. That’s never been truer than in the realm of Canadian tax policy, especially under the governing Liberal Party of the past 10 years. Whether the issue (the “hammer”) has involved climate alarmism, housing challenges, “intergenerational fairness,” taxing the rich, digital […]
Golombek: A look at four tax proposals floated for the feder…
[ad_1] With the party leaders’ debates now behind us, and the federal election just days away , what better time to take a brief look at a few of the more interesting tax policies announced by three of the major parties. Lowest tax bracket Both the Liberal Party of Canada and the Conservative Party of […]
Jamie Golombek’s primer on tax brackets, deductions and cred…
[ad_1] Breadcrumb Trail Links Personal Finance Taxes Do you know why deductions are more valuable than tax credits? Here’s a rundown of basic tax issues to understand Published Apr 04, 2025 • Last updated 3 days ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have […]
Tax and other pitfalls await when you inherit real estate
[ad_1] Breadcrumb Trail Links Personal Finance Jason Heath: Unless you plan to use the property, ask yourself whether you would buy it with an equivalent amount of cash Published Mar 17, 2025 • Last updated 1 hour ago • 7 minute read You can save this article by registering for free here. Or sign-in if you […]
How do I trim tax on selling employee stock purchase plan sh…
[ad_1] Breadcrumb Trail Links FP Answers Personal Finance FP Answers: It’s going to take some gain/loss calculations, but strategies like contributing to an RRSP or TFSA can offset gains Published Feb 14, 2025 • Last updated 3 days ago • 5 minute read You can save this article by registering for free here. Or sign-in if […]
Tax Cuts for the Middle Class and Retirees: A Win for Your W…
[ad_1] On February 6, 2025, the White House announced a series of tax cuts primarily benefitting the middle class and retirees. Here’s what’s on the table: No tax on tips No tax on Social Security benefits for seniors No tax on overtime pay Renewing the Trump Tax Cuts from the 2017 Tax Cuts and Jobs Act Adjusting […]
Ottawa offers taxpayers relief with capital gains tax delay
[ad_1] Breadcrumb Trail Links Personal Finance Taxes Ottawa allows tax filers to use current limits on capital gains until Jan. 1, 2026 Published Jan 31, 2025 • Last updated 2 days ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Whether the increase […]
CRA loss in ex-Jays’ tax case a win for Canadian sports fans
[ad_1] Breadcrumb Trail Links Legal Post Personal Finance Taxes Ruling will help avoid discouraging athletes from wanting to play in Canada Published Dec 13, 2024 • Last updated 1 day ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Tax Court of […]