Income Tax

Oh! Oh! You just found out you have, or may have, over-contributed to your RRSP and you want to know what to do next. I empathize with you as I also over-contributed to my RRSP once. The process to fix … Read more

Understanding ESPP income tax can be a little confusing at times. The Employee Stock Purchase Plan (ESPP) provided by many publicly traded companies is a great benefit but the benefit calculation is not simple if you are not familiar with stock … Read more

When you start investing, the first investing tax you need to understand the impact of your capital gains or capital loss on your income tax. At its core, the income tax on capital gains is pretty simple but I am not … Read more

Real Estate Income Trusts, or REITs for short, are companies that own or finance income-producing real estate. They receive special tax considerations and tend to have a higher distribution yield than corporations. Real estate assets can range from shopping malls, … Read more

Every year, like clockwork, we all have to do our taxes. For many like me, we have to report our dividends and pay our taxes on this amazing passive income. The great thing about dividends is that it’s a passive … Read more

How to decide on which investment account to select when investing. There are guidelines but it’s important to understand that choosing an investment account is primarily an income tax decision based on your investing horizon. One you get past the … Read more

It’s important for investors to realize that there are differences between eligible and ineligible dividend when it comes to the Canadian tax code. This becomes apparent come tax time. Knowing the details will help you make better decisions when deciding … Read more

I recently was asked by a reader if there was an easy way to choose the account to hold certain investments. I thought it would be a great topic to share with all readers. The basic premise for choosing an account … Read more