As a Non-Resident, What Taxes Should I Pay on my Canadian Rental Property Income?
As a Non-Resident, What Taxes Should I Pay on my Canadian Rental Property Income? If you are a non-resident of Canada, but own a rental property and generate Canadian rental income in Canada, you might be confused about what your tax requirements are. Non-residents tax obligations can be confusing, so read on to see what […]
Can I Claim the Exception for the Speculation & Vacancy Tax?
British Columbia’s new Speculation and Vacancy tax is an annual tax for owners of residential property in certain taxable regions of B.C. The main idea behind this new BC tax is to discourage housing speculation and encourage owners of vacant houses to make these properties available for rental. Thankfully, the BC NDP government has claimed […]
Retiring in the Next 5 Years? Here is What you Need to Know.
Are you approaching retirement age? Retirement is a milestone that many of us will spend years working and saving toward. A time when we can finally sit back and enjoy the fruits and hard work of our lives. If you are planning on retiring in the next 5 years, here are some things that you […]
Are You Ready for the Tax Season?
Are You Ready for the Tax Season? Many people wait until the last couple of weeks to scramble and get their tax information ready before it is due on April 30th. Set yourself a goal to get ahead of the tax season. Staying ahead of the game and having everything organized can help you to […]
Are RESPs a Good Plan for My Kids’ College Funds?
Are RESPs a Good Plan for My Kids’ College Funds? If you want free money from the Government, then the simple answer is yes! RESPs are the best way for Canadians to save for post-secondary education. Disclaimer: The information below is believed to be correct at the time of writing, but please discuss with […]
What’s a TSFA account?
A TSFA account (Tax-free Savings Account) is a government-sponsored investment account that was introduced in 2009 as a way to encourage Canadians to save for their retirements. For many people, a TSFA is a simple, little bank account where you can store away some money and not pay any taxes on it. You collect the […]
