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MoneySense at the MoneyShow: Capital gains and ETF sessions + MORE Nov 15th
MoneySense is pleased invite readers to two virtual MoneyShow conferences:
Commercial Real Estate for the Private Investors on Wednesday, November 20
ETFs & Investing Strategies Canada Virtual Expo on Wednesday, November 27
Commercial Real Estate for the Private Investors
Join us .... More »
How much are solar panels in Canada? Mar 28th
Should you put solar panels on your roof? It sounds like a great idea to generate electricity from the renewable and free resource that is the sun, but the answer depends on many variables, ranging from your household’s energy consumption and where you live to the size of your budget. Let’s.... More »
“We’re well off in retirement. How can we pay less tax?” Aug 28th
Ask MoneySense
Both my wife and I are retired. My wife is 72 years old and I am 68. Our combined incomes are based on CPP, OAS, RRIFs and dividends (both from our non-registered investments portfolio and corporate dividends that we both get quarterly from a holding company that manages the corporat.... More »
Two ways to lower risk in your investment portfolio with ETFs Nov 8th
With U.S. equity indices like the S&P 500 hitting all-time highs repeatedly this year, the investment atmosphere is charged, especially post the recent U.S. presidential election. The victory by Donald Trump has injected volatility into the markets, given the uncertainty of what his administrati.... More »
Top 100 dividend stocks in Canada 2024 + MORE Jul 30th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Best Dividends in Canada Table of Contents
OverviewPa.... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide
– moneysense.ca
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns. But, first, let’s look at the upcoming deadlines.
What’s new for taxes?
New alternative minimum tax changes: As of January 1, 2024, the AMT rate is 20.5% (previously 15%). Essentially, the AMT is a minimum level of tax for Canadians who claim certain deductions, exemptions and/or credits to reduce how much personal income tax they pay. The change doesn’t apply to 2023 income tax returns, though, and thankfully it doesn’t apply to most Canadians.
Deadline extended for underused housing tax (UHT): For residential property owners with vacant or underused real estate who owed the UHT from their 2022 income tax return and have yet to pay it, know that the Canada Revenue Agency (CRA) extended the due date to April 30, 2024, with penalties waived…
