CRB Repayment in Canada: Why the CRA Is Still Sending Bills for It
A letter from the CRA about the Canada Recovery Benefit can be confusing in a way a CERB letter usually isn’t. With CERB, the question is simple: were you eligible or not. With CRB, the CRA has two completely separate reasons to ask for money back, and they work...
Tax Planning Strategies for High Income Earners in Canada: Keeping More of Every Extra Dollar
A strong year at work, a large bonus, or a well-timed sale of investments can push taxable income past $258,482, where every extra dollar lands in the top federal bracket. Once provincial tax is added, more than half of each additional dollar goes to tax in Ontario...
Inheritance Tax Planning in Canada: What Your Estate Will Actually Owe
Leaving an inheritance in Canada does not trigger a government inheritance tax bill. It can still trigger a large one, just under a different name, and it lands on the deceased rather than the beneficiary. Deemed disposition treats everything they owned as sold at...