Deducting Interest: When Can it be Done? In Canada, interest expense on money borrowed to produce income from a business, investments or property is deductible against all sources of income. However, interest paid on money borrowed for personal consumption, home mortgages and Registered investments is not deductible. For many people,... Read More →

Income Splitting: 10 Ways to Reduce Your Taxes Canada has a progressive tax system. This means that as your income grows your pay a larger share to governments. Income spitting is one way that you can reduce your total family tax bill. But how do you do it? There are... Read More →

Self-Employed? 10 Ways to Reduce Your Taxes More and more people have their own businesses these days. Everyone has heard that self-employed or those people that run their own business pay less in tax. But how do they do it? Here are 10 ways that you can reduce your taxable... Read More →