Showing by category: Tax

Disability Tax Credit: Are you missing out on this misunderstood tax credit?
Though many are aware that the disability tax credit is available for those who suffer from a “severe or prolonged physical or mental impairment,” many taxpayers may not fully appreciate the scope [more]
Recently I wrote a piece on how to handle an inheritance and got a few questions from RetireHappy readers.  One of the areas greatly misunderstood in Canada is issues around taxation when you die and [more]
Try not to let capital gains tax prevent selling an investment
I often come across investors who are reluctant to sell an investment because of the associated capital gains tax payable. Whether it’s a stock or mutual fund they’ve owned for ages, a rental prop [more]
Tax Freedom Day 2016
Every year at this time, we start to prepare for summer and get ready to celebrate Canada Day.  Maybe there's another day to celebrate this time of year.  Tax Freedom Day happened on June 7th this [more]
Does half your money go to taxes?
Every year tax time is a good reason to complain about paying too much tax.  One of the big misconceptions I hear over and over again is this notion that we pay half of our money to the government.  [more]