Introduction: In a move aimed at addressing housing affordability concerns in Canada, the federal government has unveiled a significant relief measure pertaining to the goods and services tax (GST) on the construction of purpose-built rental housing. This announcement...

Introduction to Family Trusts A Family Trust is a separate entity managed by a trustee, which holds assets and generates income. While it offers tax benefits, there are also drawbacks such as filing obligations, setup costs and 21-Year rule. The complexity of the...

Introduction In Canada, there is a growing concern among incorporated truck drivers who file taxes as small businesses. The Canadian Revenue Agency (CRA) has taken a stance that may classify these drivers as Personal Services Businesses (PSBs). This article explores...

If you're a parent in Canada, you're probably familiar with the RESP (Registered Education Savings Plan). It's a popular investment vehicle that allows you to save for your child's post-secondary education while taking advantage of tax-deferred growth and government...

How can the First Home Savings Account (FHSA) assist you in funding your home purchase? The FHSA offers a unique combination of benefits from both a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA) to help you save for a down payment on...