Tax advice

• Non-Taxable Income

  In Canada and Québec, several types of income are considered non-taxable. These include social benefits such as the Canada Child Benefit, Québec’s Family Allowance, the GST/HST credit, and the Solidarity… Read more

• Pension income splitting

  Pension income splitting is a tax measure that allows an individual to transfer up to 50% of certain eligible retirement income to their spouse or common-law partner, in order to… Read more

• Invest in RRSP, TFSA or RESP?

  Here's the logic to consider when deciding whether it's better to pay off debt, invest (RRSP, TFSA, RESP, TFSA), or pay off your mortgage. The answer depends primarily on your… Read more

• Optimizing the taxation of your properties

  Optimizing the taxation of your properties requires good planning and depends on several factors (type of property, legal structure, short- and long-term objectives). Here are the main strategies used in… Read more

• What is Norbert’s Gambit?

  The Norbert’s Gambit is a popular strategy among Canadian investors to convert Canadian dollars (CAD) into U.S. dollars (USD), or vice versa, at a very low cost. Instead of paying… Read more

• Cash damming strategy

  The cash damming technique allows you to reduce your taxes by gradually transforming your personal debts, the interest on which is not deductible, into a new debt used to finance… Read more

• Moving expenses

  If you're moving or buying a home to be within 40 km of your workplace, remember to keep your receipts. Read more

• Renting a property for less than fair market value

  To be able to deduct your rental expenses, you must have incurred them to earn income. For example, you may ask your son, daughter, or anyone else living with you… Read more

• Tax on underutilized housing

  This annual 1% tax generally affects non-resident, non-Canadian owners of vacant or underutilized residential real estate in Canada. Read more

• Tax-Free Savings Account for First-Time Home Buyers (TFSA)

  This new registered plan would allow future first-time home buyers to save $40,000 tax-free. Read more

• The Tax-Free Savings Account (TFSA)

  The TFSA program has been in existence since 2009. It is a way for individuals who are 18 years of age or older and who have a valid Social Insurance… Read more

• Registered Education Savings Plan (RESP)

  A Registered Education Savings Plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter). Read more