Financial Planning
Budgeting, saving, taxes and retirement planning for Canadian households.
Latest in financial planning
Your TFSA Isn't Fully Tax-Free: The US Is Quietly Taking 15% of Your Dividends
US dividends paid into a TFSA lose 15% before they reach you, and you cannot claim it back. What it costs, why an RRSP is treated differently, and when it is worth rearranging.
· 6 min read
Day Trading in Your TFSA? The CRA Could Tax Every Dollar You Made
A Vancouver adviser grew a TFSA to $617,371 and the CRA taxed most of it as business income. What the Income Tax Act actually says, how the CRA decides, and what to do if you trade often.
That RRSP Withdrawal Could Cost You Twice: Why the Tax Your Bank Takes Isn't the Final Bill
Your bank withholds 10% to 30% on an RRSP withdrawal, but that is a down payment, not the bill. Why working Canadians usually owe more in April, and what it costs beyond the tax.
Building an emergency fund that actually works
The number matters less than where it is kept. A fund you cannot reach in two days during the exact week you need it is not an emergency fund.