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12 January

TFSA vs RRSP: How to decide between the two

Whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account is one of the most popular questions today. Both TFSAs and RRSPs provide tax benefits that will help you meet your goals of saving and investing. Both the TFSA and the RRSP are investment programs that shield your investment gains from …

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Tax Update
08 January

COVID-19 Tax Updates: More Information on Deadline Extension and Relief

The Canada Revenue Agency (CRA) announced additional tax deadline extensions and relief from interest and penalties. In this update, we highlight the extension of the tax deadline and other relief announced on 21 December by the CRA. While the changes were positive, we also received some questions that we have taken up with the CRA. …

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Canada vcation property
26 December

Canadians Selling The U.S. Vacation Property

Today many Canadians own vacation properties in the U.S. If you have one and you think you do not have to worry about the tax then you are wrong. This doesn’t mean that it’s outside the reach of the tax authorities. U.S. vacation property owners in Canada look forward to winter when they can spend …

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