The Tax Blog for Smart Canadians

With the legalization of marijuana in Canada, a whole new sector and a new set of companies are available to invest in. The potential gains are limitless. The potential gains are limitless. However, they also come with a lot of risk. Read on to find out how you can minimize the downsides. Full story...

It’s the age-old tax planning question: should I invest in my RRSP or my TFSA? The answer to this as to any other tax question is that it depends. Don’t worry, this article won’t be another comparative of the differences between these two programs. It will simply ask 5 questions that you should consider before you make a choice. Full story...

A new tax season is upon us. Unfortunately, it begins in the coldest time of the year, so let’s warm up this winter with a primer on the changes to the tax return. Full story...

RRSP season is upon us! Time to go through the couch covers and scrounge up the last of our savings to make that all-important contribution. Let’s look at some fundamental concepts of RRSPs. Full story...

So, you’ve decided to sell your most valuable asset this year. Maybe you saw an opportunity for a place you’ve had your eye on for some time and you pounced! Whatever the reason is, there will be tax consequences for such a move. Read on… Full story...