Posts Tagged income tax
SHOULD YOU PAY TAX ON THE FURNITURE AND JEWELLERY YOU SOLD?
The Canadian Business Journal


USE YOUR TFSA CONTRIBUTION ROOM TO MAXIMIZE TAX FREE GROWTH
Starting January 1, 2016, the annual TFSA dollar limit decreased from $10,000 to $5,500 and will be subject to indexation. The TFSA contribution limit for 2018 will remain $5,500. This is since the indexation adjustment for personal income tax and benefit amounts is 1.5% for ...


Save Tax by Purchasing Flow-through Limited Partnership Units
Although flow-through limited partnerships are not suitable for all investors, they can be used to defer tax payable in the year of a capital gain. Because flow through shares provide deductions against taxable income (typically within the first two years of purchase), the deductions ...

