Hi Guys i became a canadian permanent resident in 2017 with the target of moving here in 2019 when my spouse finished her studies . i landed here in 2017 for a few days and returned to US and my spouse stayed in canada for her studies , in 2019 December i moved here from NJ and am staying here...

It is my first time to recive yearly bonus and it came to my knowledge that 46% of it will be deducted as tax. and no tax return will be issued. is this true? Thanks a lot

I do have a margin account and based on the money I borrowed I am paying interest. Some of the shares that I am holding are paying dividends every quarter and some do not. During a year some of shares dispositioned (maybe even before paying dividends) but I have always received dividends...

Thinking about this and wondered if anyone might have implemented it, and how it went. From my RSP or RIF redeem investments and set up a self directed first mortgage on principal residence. Use the proceeds to invest in an non registered investment, like a growth ETF or M Fund. It would...

Hello, Quick question for anyone willing to take a look... Let's say Im retired, I have investment savings and a rental property. Can I use the equity in my investment property to draw as retirement monthly income? Let's say I put a HELOC on it - Is the tax deductible in this case? Thanks, G

I want to know if I can ask this credit in 2015. At the beginning of the 2015 after new year's eve, my employer made me fill out a form from Revenu Québec called "SOURCE DEDUCTIONS RETURN 2015" (Déclaration pour la retenue d''impôt 2015) where I indicated that I supported economically my...

Hi, I would appreciate some advice. The situation is as follows: My 2011 net income was over 81$k. My wife wasn't working and only received $1,200 in UCCB. Our child went to daycare, for which we paid over 7$k. Regardless of whether I claim these expenses on my return (eligible as per...

For anyone that has recently initiated or been recently looking at HELOC options, what is the best option right now? I know MDJ made a post a couple years ago on this and there is a comparison chart for all the available readvanceable mortgages in Canada but this was made almost 2 years ago...