If a client will be claiming a significant amount of tax deductions or credits in 2026 — including RRSP contributions or ...
A recent BMO survey found 38 per cent of Canadians dip into their RRSPs early for one reason or another. If holiday debt has you eyeing your RRSP savings it’s important to know that early withdrawals ...
There's a 15% foreign withholding tax levied on U.S.-based dividends. The post The TFSA’s Hidden Fine Print When It Comes to ...
Understand the FHSA and its role in home savings. Make the most of tax benefits while saving for your first house.
4. Contribute to a TFSA: As of Jan. 1, you can now contribute another $7,000 to your tax-free savings account (TFSA). If ...
The Tax-Free Savings Account (TFSA) limit for 2026 is now confirmed, and unfortunately, we didn’t get an increase. It’s still stuck at $7,000. That said, this shouldn’t discourage you at all. The TFSA ...
Canadians aged 65 and older can claim the age amount tax credit, which increases to $9,208 for 2026, up from $9,028 in 2025.
I’m a recovering gambler and just got $35K from workers' comp — how do I make sure I don’t blow it again? Matt is about to ...
Every fall, the Canada Revenue Agency releases key updates showing how contribution limits, tax brackets and benefits, among other things, will change in the coming year. Recently the tax agency also ...
January is the perfect time to sanity-check your RRSP at 70, because the “typical” balance is closer to the median than the misleading average.
From RMDs to Medicare surcharges, these common retirement tax traps could quietly raise your bill in 2026 if you don't plan ...
The IRS issued the proposed regulations to reflect changes made by H.R. 1 to the threshold for backup withholding for ...