Income Tax Guide for Investments
The tax season is upon us and although regular income tax is pretty simple to do, you need to be ready. It’s one thing to follow the steps from a tax software such as Turbo Tax, it’s another to have … Read more
Income Tax
Investing has income tax considering that are important. Understanding all taxes that can impact you can help you keep more of your money.
REIT Taxation – A Canadian Primer
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
Dividend Income Tax – A Complete Guide
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
RRSP Over-Contribution Guide – 3 Steps To Fix Your Situation
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
Income Tax Treatment on Investment Accounts
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
ESPP Income Tax – Everything You Need to Know
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
Capital Gains Income Tax – A Complete Guide
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
Dividend vs Distribution: What’s the difference?
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