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[…]
We would like to remind our readers that your 2014 Canadian tax returns typically need to be filed on or before April 30, 2015. Please contact CJ Capital if you have any questions related to filing your tax return, such as capital gains taxes, taxation of interest income, etc.
At this time of year, there are advertisements from every financial institution reminding you that the RRSP deadline is March 2nd, 2015. Normally it would be March 1st, but that day falls on a weekend this year, so the deadline is extended to the next weekday. If you haven’t already, we encourage you to read Read more about RRSP Deadline: March 2nd[…]
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[…]