General Knowledge

Sep

Year-End Tax Planning: 10 Moves to Make Before December 31

Most Canadians think about taxes in April. The problem with that approach is that by April, the tax year is already closed — you’re simply reporting what happened, not changing it. The window to actually reduce your tax bill is the period between now and December 31. As a CPA, I’ll tell you that the […]

Aug

By Zarmeen S General Knowledge, Tax Planning, Tax Preparation No Comments

Crypto and the CRA: What You’re Required to Report (and What Happens If You Don’t)

If you bought, sold, or earned cryptocurrency at any point in the past few years, you have tax obligations with the Canada Revenue Agency — whether you realized it or not. This is one of the most common misconceptions we encounter in practice: the belief that cryptocurrency transactions are either anonymous, exempt from tax, or […]

Aug

By Zarmeen S General Knowledge, General Tax Strategies & Life Planning, Tax Planning, Tax Preparation No Comments

Cashing In on Your RESP: How to Withdraw Education Savings the Smart Way

If you’ve spent years diligently contributing to a Registered Education Savings Plan, this fall might be the moment it all pays off — your child heads off to college or university, and it’s finally time to pull money out. But here’s something that surprises a lot of parents: the way you withdraw from an RESP matters just […]

Aug

By Zarmeen S General Knowledge, General Tax Strategies & Life Planning, Real Estate Taxation, Tax Preparation No Comments

Selling Your Home in Canada: The Tax Rules Every Homeowner Should Know

For most Canadians, the family home is the single largest asset they’ll ever own — and one of the few that can be sold at a substantial profit without paying tax on the gain. That’s thanks to the principal residence exemption, one of the most valuable provisions in our tax system. But “tax-free” doesn’t mean […]

Jul

By Zarmeen S General Knowledge, General Tax Strategies & Life Planning, International Taxation, Tax Planning, Tax Preparation No Comments

New to Canada? What Every Newcomer Needs to Know About Their First Tax Return

Arriving in a new country brings a long list of things to figure out — housing, banking, a SIN, maybe a new job. Taxes usually aren’t top of mind, and understandably so. But your first Canadian tax return is more important than most newcomers realize, and it works differently from every return you’ll file afterward. […]

Jul

By Zarmeen S Corporate Tax, General Knowledge, Tax Planning, Tax Preparation No Comments

Salary vs. Dividends: How Incorporated Business Owners Should Pay Themselves

If you own a Canadian corporation, one decision comes back around every single year: how do you actually get money out of the company and into your own hands? Salary? Dividends? Some mix of both? It’s the question I’m asked more than any other by incorporated clients, and it’s also the one most often answered […]

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Year-End Tax Planning: 10 Moves to Make Before December 31

Crypto and the CRA: What You’re Required to Report (and What Happens If You Don’t)

Cashing In on Your RESP: How to Withdraw Education Savings the Smart Way

Selling Your Home in Canada: The Tax Rules Every Homeowner Should Know

New to Canada? What Every Newcomer Needs to Know About Their First Tax Return

Salary vs. Dividends: How Incorporated Business Owners Should Pay Themselves

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Year-End Tax Planning: 10 Moves to Make Before December 31

Crypto and the CRA: What You’re Required to Report (and What Happens If You Don’t)

Cashing In on Your RESP: How to Withdraw Education Savings the Smart Way

Selling Your Home in Canada: The Tax Rules Every Homeowner Should Know

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