Tax Minimization

Learn how investing taxes work, how Flow Through shares work, and what are the best strategies to minimize your tax burden in Canada.

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Canadian Investing Taxes

Investing Taxes: Dividends, Interest & Capital Gains

By FT October 21, 2023

Are you curious about how investing taxes are calculated on capital gains, dividends, and interest in Canada? I’m not a tax expert, but with tax…

How Flow Through Shares Work

Investing in Flow Through Shares in Canada

By FT August 13, 2023

Since writing my original “How to Buy Flow Through Shares in Canada” article over a decade ago, I’m consistently surprised at how many people are…

studiotax review

StudioTax Review 2024

By Clark January 7, 2022

StudioTax is certified tax preparation software for Canadian personal income tax returns. It is provided by BHOK IT Consulting and is now also available for…

Capital Gains Tax When Converting Currency

Capital Gains Tax when Converting Currency

By FT February 8, 2016

When I wrote about some low cost ways to convert your valuable US Dollars (USD) back into Canadian dollars (USD), there was a comment about…

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canada new budget taxes

Canada’s 2024 Budget – New Taxes on Capital Gains

By Kyle Prevost April 17, 2024

Canada’s new tax rules on capital gains mean that you’re now likely to pay more taxes if you own a cottage, pass away with an…

salary vs dividends

Salary vs Dividends in Canadian Corporations: Paying Yourself as a Small Business Owner

By Kyle Prevost April 13, 2024

In preparation for our dividends vs salary comparison for Canadian small business owners, we took a broad look at Canadian corporate taxes last week. I…

ccpc taxes

CCPC Taxation: Canadian Corporations for Small Business Owners

By Kyle Prevost April 6, 2024

I’ve been getting a lot of questions recently in regards to Canadian corporations and taxes for small business owners that have a CCPC (Canadian-Controlled Private…

financial advisors canada

Best Financial Advisors in Canada

By Kyle Prevost March 2, 2024

When looking for the best financial advisors in Canada (or best financial planners in Canada) you’re inevitably going to encounter a lot of confusion and…

income splitting canada

What is Income Splitting?

By FT February 24, 2024

Income splitting is a tax-saving strategy that divides a stream of income between family members (usually two spouses). The goal is to apportion as much…

retirement planning

Retirement Planning in Canada (RRSP Season)

By Kyle Prevost January 20, 2024

With “RRSP season” and annual financial goal setting in full swing, Canadian retirement planners are out there in full force ready to “help”. Honestly, the…

accountant canada

Do I Need an Accountant To Do My Taxes?

By FT January 16, 2024

Two of the most common questions that I have gotten in our MDJ inbox over the years are: Do I need an accountant to do…

Canadian Investing Taxes

Investing Taxes: Dividends, Interest & Capital Gains

By FT October 21, 2023

Are you curious about how investing taxes are calculated on capital gains, dividends, and interest in Canada? I’m not a tax expert, but with tax…

Wealthsimple Logo

Wealthsimple Tax Review (Formerly SimpleTax)

By Dale Roberts September 16, 2023

What is Wealthsimple Tax? If you enjoy doing taxes, you are likely an accountant, or you are one of a very select group who enjoys…

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