Recent CRA News

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Tech Stocks

These Common Mistakes Could Make TFSA Withdrawals Taxable

Maximize your savings with a TFSA! Learn about tax-free withdrawals and the rules to avoid taxation on your investments.

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Stocks for Beginners

3 TFSA Tactics Used by the Wealthy 

Unlock the potential of your TFSA. Discover how smart contributions and withdrawals can enhance your financial planning.

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Retirement

The Pension Splitting Rules the CRA Is Cracking Down On

Discover how pension income affects your taxes. Explore tax benefits like pension splitting for a comfortable retirement.

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Retirement

4 CRA Traps That Could Reduce Your CPP Payments

Are you relying solely on CPP payments to get by in retirement? It could be a mistake, as the CRA…

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Stocks for Beginners

3 Mistakes That Could Make TFSA Withdrawals Taxable

The CRA’s tax benefits come with conditions. These mistakes can make the TFSA withdrawals taxable in a different scenario.

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Retirement

What Are Some Reasons to Claim CPP Benefits at Age 60?

Know these misconceptions about CPP benefits and when you should claim at age 60.

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Retirement

How Much Can You Earn Before Losing Your Guaranteed Income Supplement?

The CRA offers the Guaranteed Income Supplement to low-income Canadians above 65. At what annual income will you lose your…

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Retirement

How Much Dividend Income Can You Have Before Losing OAS?

If you're retiring at 65, you might plan to live off dividends and CPP. You can also get $734.95 per…

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Retirement

How Much Salary Do You Need to Get Maximum CPP? 

“As you sow, so shall you reap.” This proverb answers the question of how much salary you need if you…

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Retirement

Why Wait? How to Earn the Maximum CPP Payout Before Age 70 

Discover how the CPP payout works and how timing your application can impact your financial future in retirement.

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Retirement

How to Start Planning for Retirement at Age 35

Retirement planning at age 35 gives you the flexibility to invest in growth stocks, as you still have 25 years…

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Retirement

Where I’d Position My $25,000 Retirement Savings to Minimize CRA Tax Impact

You pay tax even after you retire. Just as you plan taxes for your active income, you should do tax…

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RRSP Canadian Registered Retirement Savings Plan concept
Retirement

How to Protect Your Retirement Savings From the CRA

Building a sizeable retirement pool is important, but it is equally important to protect it from the CRA’s tax claws.

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Dividend Stocks

Canadian Retirees: 4 Big CPP, GIS, and OAS Changes in 2025

While retirement benefits are all set to increase in 2025, its crucial to supplement your payouts with other income sources.

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Retirement

Here’s Why You Might Want to Claim CPP at 60 

Are you considering claiming CPP at 60 but are worried if the decision is right? Consider these things before deciding…

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Retirement

Don’t Delay Your Retirement: Your TFSA Can Match CPP’s Best Payout Today

Before delaying your retirement for a higher taxable CPP payout, consider other tax-free retirement income options like TFSA payouts.

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Caution, careful
Stocks for Beginners

3 Major Red Flags the CRA Is Watching for Every TFSA Holder

The TFSA is an attractive investing tool to earn tax-free investment income. However, beware of these red flags that could…

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Dividend Stocks

Dividend Fortunes: These Canadian Stocks Are Leading the Way to Retirement Wealth 

You can build retirement wealth with a portfolio of dividend stocks alone using the power of compounding. Here's how.

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Stock Market

Save up to $2,355.75 in 2025 With This CRA Tax Break

Canadians can lower their tax break by more than $2,000 in 2025 via the basic personal amount, a non-refundable tax…

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Investing

CRA: Will You Receive a Grocery Rebate in 2024?

The grocery rebate was introduced as a one-time tax credit for low-income Canadian households to offset higher prices.

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Dividend Stocks

CRA: This Tax Break Can Help You Save Serious Money in 2024

This tax credit is one you've likely missed in the past but could provide you with thousands each year! So,…

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Dividend Stocks

3 CRA Benefits Most Canadians Can Grab in 2024

You can save on taxes by claiming the dividend tax credit on Fortis Inc (TSX:FTS) shares.

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Dividend Stocks

Master Your Taxes: Get More Back from the CRA This Year

Mastering your taxes by knowing old and new tax deductions can lighten your tax burden in 2024.

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Dividend Stocks

What’s the CPP Contribution Amount for 2024?

The second phase of CPP enhancement has begun. Know how much CPP contribution your employer will deduct from your 2024…

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Dividend Stocks

3 CRA Benefits Every Canadian Should Claim

Every Canadian should know about these benefits to reduce their taxes.

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Dividend Stocks

One Little-Known CRA Rule All Married Canadians Should Know

The spousal RRSP contribution tax break can save you money. You can also invest your contributions in dividend stocks like…

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Investing

3 CRA Benefits Every Canadian Can Claim Before the End of 2023

Invest benefits derived from the CRA in a low-cost index fund and gain big from the power of compounding over…

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Stocks for Beginners

2 CRA Benefits Canadians Won’t Want to Forget

These CRA benefits are coming up fast, and you certainly don't want to forget about them. It could cost you…

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Dividend Stocks

Canada Revenue Agency: Beware This 1 TFSA Change in 2024

Canadians get an extra $7,000 worth of TFSA contribution room with which to hold stocks like TD Bank (TSX:TD) next…

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Dividend Stocks

Canada Revenue Agency: 1 Crucial TFSA Change You Need to Be Aware Of

The TFSA contribution limit is out for 2024 and has increased to $7,000, raising the cumulative contribution room to $95,000.

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Investing

CRA: How This Tax Break Can Help You Save $2,355 in 2024

Canadian investors can consider using the proceeds from tax breaks to invest in large-cap ETFs.

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Dividend Stocks

6 CRA Benefits to Claim Before the New Year!

These savings accounts, grants, benefits and credits won't last forever! In fact, they're due Dec. 31 if you want the…

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Investing

3 CRA Benefits Every Canadian Can Claim This Year

Use the benefits offered by the CRA to invest in blue-chip TSX stocks and derive game-changing returns over time.

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Dividend Stocks

3 CRA Benefits Everyone Can Apply for

These CRA benefits are some of the most common ones Canadians can claim. So what are you waiting for?

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