Tax strategies to help you achieve your goals

Tax planning can be an important strategy to help you achieve your financial goals. Here are some featured tax articles that can make tax planning easy to understand, relevant and actionable.

The Canadian Parliament’s Peace Tower.

2021 federal budget

Learn how this year’s federal budget could affect you. 

2021 federal budget (PDF, 145 KB) Opens in a new window.

Featured advice

Tax and estate planning for your vacation property (PDF, 355 KB) Opens in a new window.

With real estate values increasing significantly in the past year, and notably so for vacation properties, it’s also a good time to do some estate planning for the potential transfer of your cottage, chalet or cabin to future generations. This report focuses on tax and estate planning strategies for Canadian vacation properties.

Medical professionals: are you a sole proprietor? (PDF, 115 KB) Opens in a new window.

The taxation of professional income, including a medical practice operated as a sole proprietorship, can be complex. This report explores a few of the tax matters to be considered.

Intaxication: Why getting a tax refund may be a sign of poor financial planning (PDF, 125 KB) Opens in a new window.

There are a number of ways to use your tax refund to your advantage, or even better, ensure that your tax refund next year is eliminated altogether and the taxes saved are used throughout the entire year to your benefit.

TFSAs for business owners… A smart choice (PDF, 335 KB) Opens in a new window.

Incorporated business owners can choose to invest surplus funds within their corporation or withdraw these funds and invest personally. 

The RRSP, the TFSA and the mortgage (PDF, 235 KB) Opens in a new window.

Making the best choice for saving via an RRSP, TFSA or debt repayment.

Making the leap from employee to owner: Some tax considerations (PDF, 150 KB) Opens in a new window.

If you’re making the leap from employee to small business owner, it’s important to consider to structure your business, since choosing to operate as a sole proprietorship, corporation or partnership can impact the taxes you will pay.

Planning from the grave – Testamentary trust (PDF, 160 KB) Opens in a new window.

Leaving assets in a trust rather than naming direct beneficiaries who will receive assets outright upon your death can help solve some common estate planning mistakes.

Tax and estate planning in uncertain times (PDF, 155 KB) Opens in a new window.

This report reviews some of the tax and estate planning opportunities in uncertain times, such as when stock markets or business revenues have declined.

Retirement planning

It’s time for retirement planning to evolve into life planning. Explore the stages of life and retirement planning

Learn moreabout stages of life and retirement planning

Registered Education Savings Plan (RESP)

It’s never too early to begin investing in your child's post-secondary education.

Learn moreabout RESPs