Posts for Canadian Tax Resource


What The New TFSA Rules Prevent

From Canadian Tax Resource
October 20, 2009 at 11:30 am
Since the Minister of Finance announced changes to the TFSA rules on Friday a number of questions about how the TFSA was being abused have surfaced that I’d like to address ... (more)

Government Limits TFSA Abuses

From Canadian Tax Resource
October 19, 2009 at 10:43 am
The Minister of Finance issued a press release on Friday about some technical changes to the TFSA in light of some tax planning schemes surrounding the TFSA that have surfaced ... (more)

Forced To Pay For Training

From Canadian Tax Resource
October 15, 2009 at 11:50 am
Does your employer require you to take training classes? Are you required to pay for them? Does your employer reimburse you and if so, when? “Required Training” I ... (more)

Seminar Announcement Canadians Buying U.S. Real Estate

From Canadian Tax Resource
October 15, 2009 at 8:07 am
If you are interested in buying U.S. real estate, Keats, Connelly and Associates will be holding seminars on U.S. real estate investing. Dale Walters of Keats, Connelly and Associates ... (more)

What Is The FMV Of Nortel

From Canadian Tax Resource
October 13, 2009 at 9:54 am
I received a reader question about Nortel last week that may be of interest to readers of Canadian Tax Resource. I did not own any of the Original Shares of Nortel Network Corporation ... (more)

Friday Links – Estates Insurance and Scams

From Canadian Tax Resource
October 9, 2009 at 9:56 am
Let me introduce a new site called Savings Chronicle. The author of the blog is Kent Moore who hails from Cape Breton Island and writes about savings and investing. Take a look ... (more)

Am I A Resident Of Canada?

From Canadian Tax Resource
October 8, 2009 at 10:00 am
Here is another question about leaving Canada that is related to the How To Become A Non-Resident published earlier this week. The Question – Am I A Resident of Canada? I left ... (more)

Bell Canada Will Never Get My Business Again

From Canadian Tax Resource
October 7, 2009 at 11:03 am
Last Sunday the Financial Blogger wrote about a reader’s experience with Bell’s customer service. This prompted me to share my experience with Bell from 2000 to 2004 ... (more)

How To Become A Non-Resident

From Canadian Tax Resource
October 6, 2009 at 11:00 am
I frequently get questions from visitors to Canada Tax Resource. If you have searched the site and cannot find the answer to your question, consider contacting me to ask. A recent ... (more)

Three Misconceptions About RESPs

From Canadian Tax Resource
October 5, 2009 at 11:39 am
I had a conversation recently about education savings and some of the misconceptions about RESPs. Here are the three biggest misconceptions about RESPs we identified. There is ... (more)

Friday Links – Rainy October Edition

From Canadian Tax Resource
October 2, 2009 at 2:53 pm
Welcome to Canadian Tax Resource. Every week, I publish list personal finance and tax related articles from other sites that I found particularly interesting. Take the opportunity ... (more)

Why Joints Accounts Are Bad Estate Planning

From Canadian Tax Resource
September 29, 2009 at 9:00 am
An investment account that is held joint tenants with rights of survivorship (JTWROS)* with your spouse is an excellent way of avoiding probate and an immediate income tax hit. ... (more)

Tax Efficiency of Mutual Funds And ETF’s

From Canadian Tax Resource
September 28, 2009 at 9:00 am
A fund is a basket of stocks anly managed. The mutual fund manager needs to buy and sell investments in order to ensure that: The mutual funds mix of investments meets it’s ... (more)

Friday Link Stuff And Referral Report

From Canadian Tax Resource
September 25, 2009 at 9:24 am
Welcome to Canadian Tax Resource. Every week, I publish list personal finance and tax related articles from other sites that I found particularly interesting. Take the opportunity ... (more)

Friday Link Stuff And Referral Report

From Canadian Tax Resource
September 25, 2009 at 9:24 am
Welcome to Canadian Tax Resource. Every week, I publish list personal finance and tax related articles from other sites that I found particularly interesting. Take the opportunity ... (more)

What Do You Do If A Friend Or Family Member Asks For A Loan?

From Canadian Tax Resource
September 24, 2009 at 9:00 am
What would you do if a close family member or friend approached you and ask for a loan or for you to co-sign a loan? A friend called me the other day asking what to do: Someone ... (more)

How Stock Options Are Taxed

From Canadian Tax Resource
September 23, 2009 at 9:00 am
This is the final article in my series on stock options. The previous articles provided background on what stock options are and how stock options are used. In this article, ... (more)

How Are Stock Options Used?

From Canadian Tax Resource
September 22, 2009 at 9:00 am
Yesterday’s article answered the question: What are stock options? Today’s article builds on the topic of options and looks at some examples of how stock options ... (more)

What Are Stock Options?

From Canadian Tax Resource
September 21, 2009 at 9:00 am
A reader of Canadian Tax Resource asked me to write about the income tax consequences of buying and selling stock options. Before getting into the taxation of stock options, ... (more)

Weekly Links – Lehman Brothers Edition

From Canadian Tax Resource
September 18, 2009 at 11:49 am
This week marks the anniversary of the failure of Lehman Brothers and the start of the global economic crisis. Surprisingly, few articles were published on the topic. However, ... (more)

Save Foreign Exchange By Washing Trades

From Canadian Tax Resource
September 17, 2009 at 9:00 am
Most registered retirement savings plans are denominated in Canadian dollars. If you have U.S. dollar securities in your Canadian dollar RRSP, you may be able to save some money ... (more)

Contractors Encouraged To Promote The Home Renovation Tax Credit

From Canadian Tax Resource
September 16, 2009 at 4:23 pm
The CRA is asking construction professionals to make their customers aware of the Home Renovation Tax Credit. The CRA released a tax tip for those in the construction industry ... (more)

6 Ways To Save Money

From Canadian Tax Resource
September 15, 2009 at 9:00 am
Join a Rewards Program – Air Miles, Aeroplan, or other types of reward programs can offset future purchases. When selecting a reward program, select a program that do not charge ... (more)

6 Rules of Thumb Everyone Should Know

From Canadian Tax Resource
September 14, 2009 at 10:00 am
I was reading an article in Money Sense about 10 numbers you must know. This got me thinking about the numbers and rules of thumb I use in my daily practice and I searched around ... (more)

Weekly Link Stuff – Back To School Edition

From Canadian Tax Resource
September 11, 2009 at 10:00 am
The Staples commercial with the Christmas tune “It’s the most wonderful time of they year” makes me laugh every single year. If you have kids who are school ... (more)