Decoding RRSPs and TFSAs from a Canadian tax angle is no joke. We are often asked what makes more sense, investing in a TFSA or an RRSP? The answer is not so simple; but today we provide to you a simple blog post from a tax perspective. We hope this can help make the decision a little bit more clear, …
The role of Life Insurance to minimize Capital Gains Tax
Capital Gains Tax and the Value of Life Insurance in Canada Capital gains tax is a tax imposed on the profit made from the sale of a capital asset, such as real estate or stocks. In Canada, the capital gains tax rate is currently at 50% of the gain, and it is calculated by subtracting the adjusted cost base (ACB) …