Uncategorized

January 2, 2024

CRA may tax company gifts to employees, depending on what it is and how much it’s worth

Have you received a gift from your employer this holiday season? Depending on what you got, and its value, that gift may be tax free, or […]
December 5, 2023

CRA admits it paid out $63M in ‘sham’ tax refund scheme

$1.1B identified in carousel frauds, agency says The Canada Revenue Agency says funds were wired overseas by participants in a scheme that deprived the treasury of […]
November 30, 2023

Size of TFSA contribution limit rises for 2nd year in a row

Canadians will again be able to put more into their tax-free savings accounts in 2024, according to Finance Canada. The department confirmed in a statement to […]
November 2, 2023

Underused Housing Tax penalties could spook many homeowners on Oct. 31

Canadians’ tax burden isn’t actually that high. But it tilts toward income taxes levied at steep rates. Using the GST more would help Do you think […]
October 31, 2023

Opinion: We’re not being taxed to death — it just feels that way

Canadians’ tax burden isn’t actually that high. But it tilts toward income taxes levied at steep rates. Using the GST more would help Do you think […]
October 3, 2023

Canadians Can Receive Financial Payments From These Federal Benefits & Credits In October

Canadians Can Receive Financial Payments From These Federal Benefits & Credits In October he Government of Canada has a number of benefits, payments and credits that will be sent out […]
September 26, 2023

What is the best place to retire in Canada, income-wise?

What is the best place to retire in Canada, income-wise? Your after-tax income in retirement depends on the strategy you choose in drawing income from different […]
May 17, 2023

How changes to Canada Pension Plan benefits affect your wallet today and retirement tomorrow

How changes to Canada Pension Plan benefits affect your wallet today and retirement tomorrow Whether you’re an employee or self-employed, you are required to contribute to […]
April 27, 2023

Nine ways to prevent triggering a CRA tax audit

Nine ways to prevent triggering a CRA tax audit Sign up for the Globe Advisor weekly newsletter for professional financial advisors on our newsletter sign-up page. […]