Category: Personal Tax

Professional accountant using a laptop and financial documents to assess death taxes, RRSPs, and RRIFs in Canada
Personal Accounting, Personal Tax
Death Taxes in Canada: All You Need to Know About RRSPs, RRIFs, and Final Returns

Planning Ahead: Understanding Death Tax Implications in Canada When planning for the future—whether for retirement, …

Read More

Calculator on financial documents showing bar graphs, symbolizing Alternative Minimum Tax (AMT) calculations in Canada
Financial Freedom, Personal Tax, Professional Corporation, Tax Tips
What Is the Alternative Minimum Tax (AMT) and How Does It Affect Your Taxes?

Understanding the Canadian tax system can be complex, especially when it comes to specialized tax …

Read More

Illustrated checklist and calculator representing estate planning process in Canada with financial graphs and charts
Financial Freedom, Personal Accounting, Personal Tax, Professional Corporation, Tax Tips
Estate Planning in Canada: A Complete Guide with Checklist for Families

Estate planning is a vital step to ensure your assets are managed and distributed according …

Read More

Graphic showing the word TAX weighing down on silhouettes of stressed individuals, symbolizing the financial burden of estate taxes in Canada
Personal Tax, Professional Corporation, Tax Tips
Estate Tax in Canada 2025: What It Is, Who Pays It, and How to Minimize It

When it comes to planning for the future, one area Canadians often overlook is the …

Read More

What are the Articles of Incorporation?
Personal Tax, Professional Corporation, Tax Tips
What are the Articles of Incorporation?

Articles of incorporation in Canada is a legal document required for the incorporation process and …

Read More

Canadian Tax – Personal Tax Deadline
News and Tax Updates, Personal Tax
Canadian Tax – Personal Tax Deadline 2025

Resources and Tools to Sort Out Your Personal Taxes for 2024 The tax season in …

Read More

What To Do If You Make A Mistake On Your Tax Return In Canada
Personal Tax
What To Do If You Make A Mistake On Your Tax Return In Canada

It’s that time of the year again when you have to take out all your …

Read More

Is Psychotherapy Tax Deductible in Canada
Personal Tax, Psychotherapy Tax
Is Psychotherapy Tax Deductible in Canada?

Psycho-behavioral therapy, often called counseling or talk therapy, is an important component of primary care …

Read More

Income Splitting
Personal Tax, Tax Tips
Income Splitting in Canada for 2025

The federal government’s expanded Tax on Split Income (TOSI) rules came into effect on January …

Read More

New personal tax credits
Personal Tax, Tax Tips
New Personal Tax Credits 2024

What is a Tax Credit? When filing your tax return, you can claim any tax …

Read More

How a T5 Slip Should Be Prepared
Personal Tax, Tax Tips
How a T5 Slip Should Be Prepared

The main purpose of a T5 slip is to pinpoint the various types of investment …

Read More

Maximize Tax Savings with RRSP Contributions
Personal Tax
How Business Owners Can Maximize Tax Savings with RRSP Contributions

As a business owner, you have two options to defer paying taxes on profits: leaving …

Read More

Canadian Tax Obligations for Non-Residents
Personal Tax
Canadian Tax Obligations for Non-Residents

The obligation for filing your taxes in Canada is primarily based upon an individual’s residency …

Read More

How to Pay Less Tax on Rental Properties
Personal Tax, Real Estate, Tax Tips
How to Pay Less Tax on Rental Properties

Let’s face it! We all want to pay fewer taxes. The first step always is …

Read More

How to Qualify for Ontario Interactive Digital Media Tax Credit (OIDMTC)
Corporate Tax, Personal Tax, Tax Tips
How to Qualify for Ontario Interactive Digital Media Tax Credit (OIDMTC)

As there is a notable shift in the world due to digital technology forces, the …

Read More

How Much Does it Cost to Buy a Dental Practice? - Ultimate Guide
Corporate Tax, Personal Tax, Tax Tips
How Much Does it Cost to Buy a Dental Practice? – Ultimate Guide

Buying a dental practice is a very stressful and time-consuming process. It can be a …

Read More

Tax Planning Tips for Canadian Doctors
Corporate Tax, Personal Tax, Tax Tips
Tax Planning For Doctors In Canada

It is important for Canadian doctors to have a plan in place for their taxes …

Read More

What To Do If You Haven’t Filed Your Tax Returns
Corporate Tax, Personal Tax
Voluntary Disclosure Program

So you haven’t filed your taxes in years. What were you thinking? The stress from …

Read More

How to Prioritize Paying Off Medical School Loans
Personal Tax, Tax Tips
How to Prioritize Paying Off Medical School Loans

One of the questions I get a lot from my clients is when should I …

Read More

How to reduce your debt.
Personal Tax, Tax Tips
How to reduce your debt.

In Canada, we have some of the highest debt per capita on the world.  Small …

Read More