Canada’s 2016 Federal Budget

  In March 2016, Canada’s Federal Government released a new budget, which outlines the fiscal plan for the next year.  If you want to take a look, the budget document can be found here.  Included in the budget are several changes to taxes, tax credits, and benefits.  This article will summarize the changes most likely Read more about Canada’s 2016 Federal Budget[…]

Tax Deductibility of Mortgage Interest

The biggest loan most of us will ever have is the mortgage. In the United States, interest on mortgage loans is tax deductible, but in Canada it is not. However, investment loans are tax deductible, and there are ways to take advantage of this. Read on for details… Interest on Investment Loans When the government Read more about Tax Deductibility of Mortgage Interest[…]

Understanding Capital Gains Taxes

If you have ever sold a stock that you have made a profit on, you may not have paid an upfront tax, however, when you did your income taxes, you may have realized that you owed the Government money! This tax owed on the sale of a security for profit is known as a Capital Read more about Understanding Capital Gains Taxes[…]