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

The tax treatment of art and other collectibles (PDF, 935 KB) Opens in a new window.

Whether you collect art, stamps or antique furniture, you should be aware of the tax consequences that occur when you ultimately dispose of these items, either by sale, gift or upon death.

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.

Your estate matters!
Common traps and how to avoid them (PDF, 155 KB) Opens in a new window.

Many estate planning mistakes are a result of inexperience and lack of knowledge. This report will help identify 2 of the most common mistakes people make with their estate plans, as well as some strategies to remedy them.

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. 

Ten RRSP hacks (PDF, 185 KB) Opens in a new window.

An RRSP allows you to set aside income for retirement. Here are 10 hacks that will help you reap the full benefits of your contributions.

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