From the category archives:

taxes

What Happens To My Income Trusts in 2011? Should I Sell Them Now?

November 6, 2009 · 5 comments

in Canadian, TSX, financial planning, income trusts, investing, legislation, taxes, time in the market, yield

Canadian business income trusts won’t all turn into pumpkins at the strike of midnight on December 31, 2010.  In most cases, you will be aware of what will be happening long before that.
I’m not a taxation expert, but I’ll cover a few of the scenarios I know about here.  Consider these points before you think [...]

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Ontario’s HST (Harmonized Sales Tax) Might Mean Mutual Funds Cost You Even More

October 2, 2009 · 3 comments

in Canadian, investing, mutual funds, taxes

And not just for investors in Ontario.  Because of the way mutual funds are sold and fees gathered, the new, higher tax proposals would affect all mutual fund investors in Canada.
But recently, Ontario premier Dalton McGuinty said there might be some modifications to the Ontario government’s plan to levy the new 13% harmonized sales tax [...]

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Canadian Equivalent of the Roth IRA – The Tax-Free Savings Account, or TFSA

April 24, 2009 · 0 comments

in Canadian, TFSAs, savings, taxes

Lately I’ve been reading more about the Roth IRA on good posts like the ones over at Financial Nut or NoDebtPlan.  It has struck me — and I could be wrong, I’ll have to gather more details, maybe from you, dear readers, below — that Canada’s TFSA (tax-free savings account) is a rough equivalent to [...]

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How Should You Spend Your Tax Refund?

April 20, 2009 · 3 comments

in cashflow, networth, savings, spending, taxes

First things first; the tax refund is just that – it’s YOUR money being returned BACK to you.  It’s not new money. It’s money that ideally you wouldn’t have lent to the government in the first place. Talk to your employer’s accounting department (or whomever handles the tax reporting) about reducing the amount in taxes [...]

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