The impact of your marginal tax rate It’s important to clarify, Ken, that if you have a minimum RRIF withdrawal with no tax withheld, that does not mean…
Read more How to plan for taxes in retirement in Canada – MoneySenseAs a result of the latest rate hold, the prime rate in Canada will remain at 7.2%. This might not seem like big news, but this is what…
Read more Making sense of the Bank of Canada interest rate decision on March 6, 2024 – MoneySenseA tax deduction is often better than a tax credit because it reduces your taxable income. When you decrease your taxable income, you may save 15% to 54%…
Read more Work-from-home tax credit: What Canadians can claim for 2023 – MoneySenseThe basic personal amount The age amount Amounts for spouse and dependents Adoption expenses CPP and/or QPP contributions Employment insurance premiums Home buyers and home accessibility amounts Digital…
Read more How to fill out a personal tax return for 2023 – MoneySense
