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This article discusses how to calculate the adjusted cost base (ACB) with respect to different types of investments and some common events that may affect ACB calculations. It's essential to seek advice from a qualified tax advisor when determining the...

If you receive a bonus or other lump sum payment as part of your compensation, and you have RRSP contribution room, considering asking your employer to pay the amount directly into your RRSP without withholding tax. This article explains how this can...

Are you a U.S. citizen or green-card holder who is moving to Canada? One thing you should be aware of is that you will be subject to both the Canadian and U.S tax system. For help navigating this and other cross-border considerations, please reach out...

There are many reasons why Canadian's find themselves moving to U.S. Regardless of the reason, it is important to be aware of the tax and estate planning issues that can arise as a result of your move as well as planning opportunities you may be able...

The U.S. is one of the few countries in the world that levies tax on your worldwide income based on citizenship and residency status. An individual who's considered to be a U.S. person for U.S. income tax purposes, regardless of where they're living,...

As 2024 comes to a close, there are many items to cross off our "to do" list before 2025. One item that should not be overlooked is any opportunities to reduce your tax bill. To help ensure you leave no stone unturned, click the link. For even more information...

Many are aware that in the year you turn 71 you must convert your RRSP to a RRIF. However, not as many are aware of the potential to use RRSP room generated during that final year. Click the link to find out how. As always, reach out for even more details!...

Very few enjoy paying tax. What can be even worse is being told you need to pay tax installments as a result of insufficient withholding tax. To learn how it works and the conditions where you are required to make tax installments, click the link. For...

Many families have the opportunity to shift certain types of retirement income to a spouse who's taxed at a lower rate. This articles summarizes these rules, for a more detailed look at your situation, please reach out. Click Here