Posts Tagged income tax

SHOULD YOU PAY TAX ON THE FURNITURE AND JEWELLERY YOU SOLD?

  The Canadian Business Journal

Comments Off on SHOULD YOU PAY TAX ON THE FURNITURE AND JEWELLERY YOU SOLD?   |   Posted in Investments,Latest News,Tax Planning December 21, 2018

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 ...

Comments Off on USE YOUR TFSA CONTRIBUTION ROOM TO MAXIMIZE TAX FREE GROWTH   |   Posted in Investments,Latest News,Tax Free Savings Accounts February 02, 2018

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 ...

Comments Off on Save Tax by Purchasing Flow-through Limited Partnership Units   |   Posted in Financial Planning for Business Owners,Flow-Through Limited Partnerships,Savings and Investments,Tax Planning February 21, 2010