Stock options are often described as “upside.” They are meant to reward growth. To align employees with shareholders. To create wealth when a company succeeds. But when are you actually taxed? And how much? In Canada, employee stock options are…
Bare trusts have become a major compliance focus for CRA. If you’ve ever held assets in trust — such as investment accounts, corporate shares, or real estate — on behalf of someone else, the term “bare trust” may apply. And…
Income Tax Act s.146 (RRSP), s.147.1 (Registered Pension Plans) If you are an incorporated professional or owner-manager, you have likely asked: Should I contribute to an RRSP — or establish an Individual Pension Plan (IPP)? Both are registered retirement vehicles…
Income Tax Act s.146.01 | CRA Guide RC4135 You withdrew from your RRSP under the Home Buyers’ Plan. You bought the home. Then life moved on. But each year, a question appears on your tax return: “Did you make your…
Old Age Security Act | ITA s.180.2 (OAS Recovery Tax) You turn 65. You begin receiving Old Age Security (OAS). Then at tax time, something unexpected appears: “OAS Recovery Tax.” This is commonly called the OAS clawback. For high-income retirees…
Income Tax Act s.146.3 | CRA T4012 You turned 71. Your RRSP was converted to a RRIF. Now CRA requires you to withdraw money — whether you need it or not. That is not optional. Under ITA s.146.3, Registered Retirement…
Income Tax Act s.146.6 The First Home Savings Account (FHSA) is one of the most powerful personal tax tools introduced in recent years. It combines: The deduction mechanics of an RRSP The tax-free withdrawal feature of a TFSA For first-time…
Unlocking Wealth and Securing Your Financial Future Imagine spending years building your business or carefully growing your investments, watching them increase in value. You’re proud of what you’ve created, but when it comes time to sell or transfer ownership, a…
On November 4, 2025, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, presented Budget 2025 – Canada Strong, to the House of Commons. No changes were proposed to personal or corporate tax rates. Some highlights include the…
In the realm of wealth and enterprise, the adage 'knowledge is power' is particularly pertinent when it comes to tax compliance and strategy. For high-net-worth families operating family-owned enterprises, the complexity of international investments brings about unique challenges, particularly in…