In today’s economic climate—with interest rates holding steady at elevated levels and inflation still impacting cash flow—small business owners are re-evaluating their savings strategies more than ever. One often-overlooked tool that can serve both personal and business-related financial goals is the Tax-Free Savings Account (TFSA).
As Canadian home prices remain stubbornly high, more first-time buyers are turning to their parents for help with a down payment. According to recent data, nearly one in three first-time homebuyers in Canada receives financial support from family.
For many Canadians—especially in the Greater Toronto Area (GTA), and other high-priced markets—owning a home has become an increasingly difficult dream. A downturn in the housing market hasn't made homes more affordable; in fact, persistent economic uncertainty, high interest rates, and stringent mortgage stress tests have only widened the affordability gap.
Tariffs have been in the headlines a lot in recent years—and for good reason. These taxes on imported goods can have far-reaching effects, especially for Canadian small businesses that rely on international trade.
If you’ve ever applied for a car loan, mortgage, or credit card, you know the importance of a good personal credit score. But if you’re a business owner in Canada—whether operating as a sole proprietor, in a partnership, or through a corporation—your business credit score can be just as crucial to your financial success.
On March 21, 2025, the Government of Canada brought long-awaited clarity for Canadians who have been confused by nearly a year of uncertainty over capital gains tax changes.
After months of speculation, planning, and in some cases panic-selling, the government officially announced that it will not move forward with the proposed increase to the capital gains inclusion rate—at least not for 2024 or 2025.
Tax season is here, and if you’re 65 or older, we have some tips to help you get all the benefits, credits, and deductions you're entitled to. Whether you're still working, living on a pension, or supporting loved ones, filing your taxes accurately and on time can help you keep more money in your pocket.
Tax planning is a crucial aspect of running a successful small business in Canada. By employing strategic tax planning techniques, small business owners can optimize their tax liabilities, reduce financial burdens, and ultimately improve their bottom line.
