Tagged: CRA

Tips for Reducing Estate Taxes in Canada

Tips for Reducing Estate Taxes in Canada

Even though Canada doesn’t have any “death taxes,” estate taxes on your Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs), can be significant. Having a plan can keep those taxes at...

Filing income taxes

Filing your Canadian Taxes

Your filing income taxes deadline is April 30th, and that means that it is once again time for Canadians to start collecting tax and earnings forms and figuring out their income taxes. For many...

inheritence fees and taxes

Is my inheritance taxable?

Your relative passed away at age 80 in early 2016. They never married and had no children. You are the sole beneficiary in their will. Is your inheritance taxable? It is basically the executor’s...