Paying Taxes On Your Return Can Be A Good Thing

With a little over two weeks to go before tax returns are due for Canadians I’m starting to hear a lot of grumbling over having to pay taxes. Paying taxes is inevitable for every Canadian. We’re probably the most taxed people on the face of the Earth with high income taxes and also extremely high…

Ringing In The New Year

With 2018 in the rear view mirror it’s time to start looking forward at what the next year may bring. There are already quite a few known changes in Canada to the economic landscape that will affect our personal finances in 2019, so now is a good time to run down through the changes so…

Is It Worth It To Work Overtime or A Side Job?

Individuals who want to achieve financial independence earlier in life may find it difficult to accomplish with just their normal salary. That’s why some try to find alternative means of making money, whether through extra overtime hours at work, or through side jobs and gigs. This almost seems like a no brainer, if you want…

Understanding Capital Gains

There’s two weeks before your tax returns are due for 2015, so if you haven’t started preparing your documents and figuring out your tax deductions, now’s the time to do it! One of the most confusing and complicated values to calculate for personal income tax purposes is capital gains. Unlike all the other types of income…

Did You Receive All Your Tax Forms Yet?

  April is the month in Canada where all residents file their tax returns to the Canadian Revenue Agency. This year the deadline to file your tax return is April 30, 2016. It’s still many weeks away, but that date seems to creep up on us faster than we know it. So should we file…

Own Income Property? Remember to Declare Your Income

Popular shows on HGTV like Income Property and Flip or Flop have made many ordinary Canadians into landlords and real estate moguls. It’s not uncommon now for a family or an individual to own multiple rental properties to generate income on the side. With interest rates so low, it’s actually possible to get a really…

How I Invest Tax Free Using A Non-Registered Account

When it comes to tax free investing many people I know will directly point to two popular methods to do it. The RRSP and the TFSA account. These are two of the most popular investment tools available to Canadians today. They both enjoy prime media coverage and the benefits of each are well known and…