Handy tax break for retirees
With the spotlight on senior citizens' ability since 2007 to split eligible pension income, other income-splitting tax strategies for retirement might not be receiving adequate attention, experts say.
Features
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Ask the Tax Expert
Stumped over a tax rule? Confused about what you can write off? Financial Post columnist and tax expert Jamie Golombek will answer your...
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Taxman has it in for Cupid
Under the Income Tax Act, your status -- single, legally married or living common law -- could make a significant difference in the amount...
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Still the king of tax shelters
TFSAs will one day pay off with tax-free retirement income, but if you're into instant gratification, the RRSP is still king of Canadian...
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Top 10 tax tips for 2009
Ten resolutions for saving more on your tax bill as the new year dawns.
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A primer to Canada’s new savings account
If Christmas spending and bleak economic news have you in the mood to sock away money, Ottawa has a New Year’s gift for you — the tax-free...
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Payroll tax hike blunts other cuts
Canadian workers and their employers will pay up to $188 more next year in payroll taxes, the steepest annual increase in more than half...
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Make tax-smart investments, not returns, the priority
If you had to choose between two investments, one offering returns of 10% and the second offering returns of 8%, which would you choose...
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Sixteen ways to beat the taxman
Sick of paying so much income tax? Are you losing out on some fat deductions? Here we review 16 tax-saving manoevres — from the tried-and...
More Taxes
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Spread the wealth to your spouse
Historically, Ottawa has discouraged couples from splitting income. But slowly the taxman is liberalizing the practice for certain income...
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Taxman has it in for Cupid
Under the Income Tax Act, your status -- single, legally married or living common law -- could make a significant difference in the amount...
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RDSPs a winner, but there are rules
Ottawa offers government assistance in the form of up to $70,000 in Canada Disability Savings Grants and $20,000 in Canada Disability Savings...
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TFSAs — more than savings accounts
While the launch has been rocky due to bureaucratic foot-dragging at some of the banks, it’s clear that tax-weary Canadians are eager to...
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Biggest tax break since RRSPs? Who knew!
When financial author Gordon Pape published Sleep Easy Investing early in 2008, he swore he’d never write another book about personal finances...
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Top 10 tax tips for 2009
Ten resolutions for saving more on your tax bill as the new year dawns.
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Payroll tax hike blunts other cuts
Canadian workers and their employers will pay up to $188 more next year in payroll taxes, the steepest annual increase in more than half...
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There's no free lunch
We love prepared food, and guess what, we're paying 8% tax for that love. Marred by Taxes on video
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Marred by Taxes: Pay up! It's your duty
Shopping in the United States is a national pastime for Canadians; so's trying to avoid duty charges.
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Marred by Taxes: It's taxing cats and dogs!
This week's Marred by Taxes video looks at a Toronto sting operation nabbing unlicensed cat and dog owners. Meow!
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Marred by Taxes: BCE
It’s starting to look like the owners of Canada’s mostly widely held stock are about to become the most widely taxed, says Financial Post...
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Marred by Taxes: Uncle Sam zaps Zipcar
Car sharing may be good for the environment, but governments in the U.S. would rather take the cash, says Garry Marr in the latest Marred...
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Marred by Taxes: Gas taxes
Video: As gas prices go up, guess who's getting richer? Garry Marr tackles gas taxes
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I object! How to fight after filing
You've filed your 2007 tax return and are anxiously awaiting your Notice of Assessment. What if the Canada Revenue Agency disagrees with...
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A simple guide to estate planning
Planning your estate is first about attending to your will. Perhaps, much more. A well-thought-out estate plan ensures that your family...
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How to Guide to lowering your tax bill
Tax changes and the budget; Tax strategies for employees; Tax tips for investors; How to maximize retirement tax benefits; Income splitting...
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Marred by taxes: hidden hazards lurk in hotel bills
When was the last time you checked into a hotel room, got the room rate and found the final tab to be exactly the same. Never! And Garry...
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Tax-free savings plan may benefit young and old
The Tax-Free Savings Account announced in the federal budget will be a great companion to the Registered Retirement Savings Plan for many...
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GST cut likely the last, Harper says
Prime Minister Stephen Harper said on Monday that a New Year's Day cut to the country's sales tax will likely be the last.
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Flat tax simply better, report argues
A flat tax on all incomes would not only be more efficient economically but would allow taxpayers to file a simple postcard-sized tax return...
Tax Clinic Video Series
Marred by Taxes - Video Series
Columns & Advice
GST cut and withholding taxes on RRSP withdrawals
The Canada Revenue Agency says that when an agreement of purchase and sale was entered into after Oct. 30, 2007, the 5% GST rate applies, provided both...
Condo buyer might be eligible for tax rebate
The latest batch of reader queries included questions about the GST reduction and withholding taxes on RRSP withdrawals. Here’s what they wanted to know...
Carefully consider RRSP ramifications in your will
In the rush to sock money away for RRSPs, investors sign reams of documents. One designates a beneficiary or beneficiaries for their RRSP, and who they...
When is a foreigner a resident?: Drache
The question of whether someone is resident in Canada comes up most often in situations where a Canadian is living or working outside the country. The...
