Tax and Accounting Insights
Stay informed with the latest tax tips, CRA updates, and financial guidance from our team of Chartered Professional Accountants. We share practical advice to help individuals and businesses make smarter financial decisions.
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Hamilton Property Tax Assessment and How to Appeal It
A property tax assessment in Hamilton determines how much tax you pay on your home or commercial property every year. The Municipal Property Assessment Corporation, known as MPAC, assigns a Current Value Assessment to -
How Much Does It Cost to Incorporate in Alberta?
The cost to incorporate in Alberta starts at $275 for a numbered company filed directly through Alberta Corporate Registry and rises depending on how you incorporate, what route you choose, and what professional support -
How Much Does Probate Cost in Ontario and Alberta?
Probate costs in Ontario are significantly higher than in Alberta. Ontario charges 1.5% on estate values over $50,000, meaning a $1 million estate pays approximately $14,250 in probate fees. Alberta uses a flat fee -
HST Rebate on New Home: How to Claim It in Canada
The HST rebate on new home purchases helps Canadian buyers recover a portion of the harmonized sales tax paid when purchasing a newly constructed home. Eligible buyers can claim up to $30,000 in federal -
What Is a Spousal RRSP and How Does It Work in Canada?
A spousal RRSP is a retirement account owned by one partner and funded by the other. You make the contribution and claim the deduction on your return, but the account belongs to your spouse -
RRSP Contribution Deadline in Canada: Dates, Limits, and Rules
The RRSP contribution deadline in Canada is March 1, 2027 for the 2026 tax year. You get the full calendar year plus the first 60 days of the next one, so money deposited by -
How to Avoid Capital Gains Tax on Property in Canada?
You can legally avoid capital gains tax on property in Canada by claiming the principal residence exemption on the home you live in. For a rental, cottage, or investment property, you can shrink the -
5 Estate Planning Mistakes That Cost Canadians Thousands
Estate planning mistakes can cost Canadian families tens of thousands of dollars in unnecessary taxes, probate fees, and legal complications. The five most expensive mistakes include failing to update beneficiary designations on registered accounts, -
What Happens to Your RRSP When You Die in Canada?
What happens to your RRSP when you die in Canada depends entirely on who you named as your beneficiary and what your relationship was to that person. The Canada Revenue Agency treats the full
