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905-761-8080 ext. 224 |
Philip Bright, CPA, CGA |
Here's why the government should cut expenditures and not hand out any more fiscal coupons
Kim Moody: Ottawa's spring economic update comes on Tuesday and more giveaways could be on the way
CPP, OAS and other strategies to help seniors face a more expensive retirement
Mary Castillo: What was once a comfortable retirement income in 2021 now does not go as far
What should Victor do if his uncle says there is a will but refuses to produce it?
FP Answers: This is unacceptable. Your lawyer can demand a copy of the alleged will
Do you need to tell the CRA if you have precious metals stored outside Canada?
Jamie Golombek: Whether physical bars or an interest in a metal holding abroad, not reporting ownership can result in penalties
Should Caroline, 62, defer CPP and OAS until age 70, or even delay retirement entirely?
Family Finance: 'Self-made dividends' are the best kind of dividend income, since they are taxed lower than actual dividends
Garry Marr: If you're crazy enough to want to donate money to the CRA, here's how to do it
If you are 'willing' to pay more tax, now is your chance
Why retirees are often shocked by tax bills and how to reduce them
Jason Heath: If you really want to keep the CRA’s hand out of your pocket, focus on your lifetime tax
Why timing the bottom of Canada's roller-coaster real estate market may be harder than you think
Garry Marr: The spring market will be major test for prices but timing your purchase to hit the absolute bottom is a game few can win
How much money should Gerry, in his 70s, have in equities, bonds and cash?
FP Answers: Rather than asset ratios, ask yourself how much you want to go toward capital preservation versus inflation protection
Garry Marr: When it comes to summer vacation planning, we're all commodities traders now
Prices to travel tend to rise as summer nears, and that comes on top of pressures on energy markets from global unrest
Don't expect Carney's looming spring budget update to reflect the financial pain Canadians are feeling
Kim Moody: The difference between The Naked Gun and Carney's fiscal strategy is that one of them is knowingly funny
Three steps to make filing your tax return to the CRA less painful
Jamie Golombek: Waiting until the last minute can be a smart strategy, as long as you follow careful steps
Garry Marr: Canada's REIT sector is shrinking fast. For investors, that might be a good thing
Stock prices have been battered since the pandemic, with private entities often scooping up assets at a discount
Canadians are being more cautious and selective with their money: report
While overall spending remains stable, a closer look at spending by category shows a clear reallocation of consumer dollars
How to create your own pension paycheque
Watch: 'What do you own, what do you owe, and how can we get you that paycheque in the most tax-efficient way?'
Forcing people to pay a moral tax if they leave the country won't inspire them to stay
Kim Moody: The growing number of successful Canadians who are leaving Canada is not a theoretical trend and the capital attached is measured in billions
Canada's accountant shortage is starting to add up despite quieter tax season
Kim Moody: CPAs are critical to the administration of Canada’s tax system. Without them, the entire system collapses
This creative money transfer strategy among family members could raise red flags with CRA
FP Answers: Prescribed rate loans can be a powerful income-splitting tool but only if you follow the rules carefully
Whether for curb appeal, cutting grocery costs or pleasure, your garden project needs a realistic budget
Not every outdoor upgrade delivers the same value, says credit counsellor Mary Castillo. And costs can spiral out of control
Warnings about AI and your taxes come from both the CRA and a judge
Jamie Golombek: While AI can help with tax research, check all information, and don't use it to represent yourself in court
Facing the loss of government disability benefits, Ian wonders if CPP, OAS and a small inheritance will be enough
Family Finance: One critical tool to ensure Ian maximizes all income sources is to leverage his TFSA, financial planner says
Canadian pension plans are so healthy that employers are taking a contribution 'holiday,' says Mercer
For every dollar of pension owed to recipients, $1.23 is available
Garry Marr: With housing prices flat, the high cost of moving has never been more clear
Rising transaction costs and flat housing prices may be a reason to think twice about moving homes this season
CRA denied taxpayer with multiple health issues the disability tax credit
Jamie Golombek: Tax court sides with CRA that the disabilities weren’t severe enough
Most Canadians have yet to file taxes. Here are five tips to get you going
Jamie Golombek: Avoid late-filing penalties and boost your claims and credits with RRIF, OAS and other strategies
Old Age Security reform is a good idea; arbitrary clawbacks are not
Good tax policy should not be about building residency fences; it should be about giving people reasons to stay
Should couple in their 50s who want to retire tap into RRSPs or apply for CPP?
Family Finance: Ontario couple helped their kids with weddings and down payments and now wonder if they can retire
Dad won’t talk about estate planning. How can I avoid being blindsided?
FP Answers: Think about what will motivate him to convey a plan, such as peace of mind, income tax or an aversion to involving lawyers
Disagree with CRA’s notice of assessment? Make sure to file your objection by the deadline
Jamie Golombek: An Indigenous taxpayer disputed CRA's decision all the way to the Federal Court of Appeal
Garry Marr: Boomers are dragging their feet to downsize and taxes are a big reason why
Reducing the tax consequences and creating more targeted housing would help convince empty-nesters to move on
When helping a young adult out with the rent can do more harm than good
Mary Castillo: Instead of removing every obstacle, the goal is to help your child develop the skills to manage them on their own. Here's how
Garry Marr: For Canadians who own real estate in the U.S., decision to sell comes at a cost
Boycott plans don't mean you have to buy or sell today
How can an Ontario couple ensure their disabled son is taken care of after they die?
Family Finance: A Henson Trust is one of the best tools in Ontario to protect inheritances for people with disabilities, expert says
From retirement to rewirement: Why working past the age of 65 is becoming normal
Continuing to work can strengthen a retirement plan, but it can also complicate one
Despite growing financial pressures, Canadians are still reliably paying their mortgages
Prioritizing home loans for many comes at a cost of delaying other spending such as saving for retirement, according to a recent poll
Garry Marr: Why it could be the right time to walk away from your real estate
Real estate is increasingly pushing Canadians over the edge
Dennis, 79, is worried about a market crash. Should he move his portfolio to 100% income?
FP Answers: There’s no reliable way of timing markets and most people should stay the course, even retirees
Beware of airline trickery on oversold flight credits as you can't always get what you want
Ted Rechtshaffen explains why in his experience it doesn't pay to do favours for an airline
Canadians paying the least at the pump are complaining the most, poll says
Canadians living in Alberta, Saskatchewan and Manitoba say their finances are suffering the most from elevated prices brought on by the war in Iran
Canada would do well to follow St. Patrick's lead when it comes to taxation
Kim Moody: Economic growth and improved productivity in Canada have taken a back seat to simple politics
Are GICs enough to keep Silvia’s nest egg going?
FP Answers: The risk with GICs is that after-tax returns are less than inflation. But a conservative plan is still possible
CRA refused to cancel TFSA overcontribution tax
Jamie Golombek: Alberta court case illustrates the ‘perpetual tax trap’ taxpayers can face
Anxious about finances during global upheaval? Here’s what you can control
Mary Castillo: Financial stability rarely comes from reacting to every distressing headline
Just like a Dad tax, government taxation can inspire behaviour changes — both good and bad
Kim Moody: History suggests that governments searching for new sources of revenue rarely produce elegant solutions
It's been five years since mortgage rates hit all-time lows, and no one is celebrating this anniversary
Many Canadians wish they could stay married to the low mortgage rates of 2021
Capital gains, cottages and U.S. taxes: watch Jamie Golombek answer FP readers' questions
As tax season looms, FP’s tax expert columnist offers advice on confusing tax situations ranging from blind trusts to TFSAs versus FHSAs
How is the estate taxed when the last spouse dies?
FP Answers: While Canada has no inheritance tax, provinces and territories may levy probate fees or estate administration tax
Tax reform in Canada can’t come soon enough
Jamie Golombek: Lower tax rates are among ideas in a C.D. Howe Institute paper looking at easing the personal tax burden
Garry Marr: Why your house is still costing you, even if you've paid it off
Home ownership will always have value beyond the numbers, but it comes at a price and one that should be recognized
Mortgage renewal headwinds near a ‘turning point’ for pandemic buyers, report says
TD anticipates mortgage payments for Canadians will shrink in the second half of 2026
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CRA has announced economic measures to assist businesses through these difficult times. We are working to keep you informed of any updates from federal and provincial governments.
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905-761-8080 ext. 224 |
Philip Bright, CPA, CGA |
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Robert Pellegrino, CPA, CGA