Tag: Personal Income Tax

Most Canadians think estate planning ends with a will.  That belief is understandable. Wills are familiar. Everyone has heard of them. Many people already have one sitting in a drawer.  But that belief is also the reason so many families...

Most rental property owners have heard of Capital Cost Allowance (CCA). Fewer truly understand it. And even fewer use it intentionally.  Capital Cost Allowance, or CCA, is essentially a tax write-off you can use to offset your net rental income.  The CRA allows this deduction to...

You can’t scroll through social media right now without seeing clips of Mark Carney’s speech in Davos.  A relatively small country. On a global stage. Standing calmly, clearly, and unapologetically against pressure from much bigger players.  A few days ago in Davos, Mark Carney delivered a...

By Fixing Cash Flow, Rebalancing Your Portfolio, and Letting Go of Bad Investments Every January, the internet fills up with one-year goal-setting exercises.  You’re told to set intentions, design habits, visualize success, and plan your best year ever. Most of it...

If you’ve ever bought crypto, staked it, swapped tokens, or used DeFi, you might be surprised at how many of those actions are actually tax events in Canada. A lot of people think crypto is anonymous or tax-free until you cash out. That is not true....

If you’ve ever thought, “Maybe I should start a side hustle… eventually I can turn it into my full-time thing,” you’re not alone. More Canadians than ever are taking on extra work to help with the rising cost of living, pay...

If you have ever tried to buy your first home in Canada, you already know it feels like learning a new language. There are rebates, tax credits, special accounts, stress tests, and rules that make your head spin. The good...

A simple guide to how it works, the traps to avoid, and how real Canadians can use it to lower taxes If you’ve ever looked at your non-registered investments and thought, “Wow… this stock is deep in the red,” you...

If you’re thinking about buying a car for your business in 2025, you’ve probably heard all kinds of conflicting advice:  “EV write-offs are gone.”  “EV rebate is gone.” “Gas cars are cheaper now—don’t bother with EVs.” “EV tax benefits are dead.” “Carbon tax...

If you’ve ever looked at your pay-cheque and wondered where all your hard-earned money went, you’re not alone. Most Canadians feel that way. The truth is, our tax system isn’t out to punish success — it’s designed to be progressive....