Showing by category: Tax

The 6 Best Strategies to Minimize Tax on Your Retirement Income
You will have a lot more tax saving opportunities after you retire than before. If you get a salary, you may have limited tax deductions or tax saving strategies. When you retire, it is completely [more]
As baby boomers begin to retire, many are choosing to live their golden years outside of Canada. There are a whole host of reasons that Canadians are moving abroad to retire. Two of the big ones are a [more]
Income splitting is not an easy strategy to accomplish in Canada. We live in a tax system where every individual must report their personal income and pay tax individually. Income splitting is a [more]
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]