Tax News

Tax break today, legacy tomorrow

As a young boy, Jim Little spent many hours observing wildlife near his grandparents’ land in Peace River Country in northern British Columbia.

By Natasha van Bentum |March 2, 2015

5 min read

Which province is most charitable?

Canadian tax filers donated more in 2014 than in 2013, according to new data released by Statistics Canada. The number of donors across the country dipped by 1%, it adds, but “total donations rose 3.5% to $8.6 billion, with gains in every province and territory—except the Northwest Territories, where donations were 2.7% lower.” Read: How […]

By Staff |February 27, 2015

1 min read

What happens to unreported pension income?

A common question about pensions is, “Should you take your pension or opt for a lump sum, which can then be (partially) transferred into a locked-in retirement account?”

February 27, 2015

3 min read

Raising TFSA limit not as good as it sounds

Like the federal government's pledge to introduce income-splitting for couples with children under 18, the Conservative's promise to double the contribution room for TFSAs is also coming under criticism for mainly benefiting the wealthy.

By Staff |February 25, 2015

1 min read