The Truth About Interspousal Transfers on Farm Properties
You’ve worked tirelessly on your farm. Now, it’s time to reap the rewards… and pay as little tax as possible.
Financial Planning
Year-End Transportation Tax Tips for Canadian Truckers
Long hours, harsh conditions, and a constant battle against the clock. As a truck driver, you’ve got a lot on your plate. But what about your taxes?
New Capital Gains Rules: Impact on Farm Property Sales & Transfers
Misunderstandings swirled as farmers tried to prepare for the impact of the new capital gains inclusion rates, which took effect in June 2024.
Alternative Minimum Tax (AMT) Changes: Everything You Need to Know
While most Canadians are never subject to Alternative Minimum Tax (AMT), business owners who generate high income may find themselves subject to this alternative tax regime.
What is the TFSA Limit for 2025?
Last updated: Nov. 29, 2024
The Canada Revenue Agency (CRA) has announced the 2025 Tax Free Savings Account (TFSA) contribution limit is $7,000. Want to learn more about this investment option? Read on to learn the ins and outs of TFSAs – from finding your limit to accurately tracking your contributions. What is a TFSA? … Read more
Understanding Capital Gains Exemption for Farm Property
When the time comes to sell the family farm, understanding capital gains taxes and exemptions can help you ensure you and the next generation will thrive.
Year-End Tax Strategies to Maximize Savings for Tradespeople
As a self-employed tradesperson, juggling jobs, quotes, and invoices keeps you busy enough – never mind thinking about taxes before they’re due.
Cultivate a Prosperous Future: Year-End Tax Strategies for Farmers
Like farming, tax planning is a year-round activity, and the end of the calendar year is the perfect time to implement strategies to maximize tax savings.
CPP Enhancement 2024: A Comprehensive Guide for Employers
The Canadian Pension Plan (CPP) enhancement significantly increases pension contributions from employers, employees and self-employed individuals.