The topic of Return OF Capital has been discussed at nauseum in the comments, but I thought that I should bring it to the front page as the same questions keep coming up.
What is ROC?
Return of Capital is when a publicly traded company distributes money collected from their share holders back to the share holders […]
As the tax deadline is approaching, the procrastinators out there are scrambling to get their receipts in order to file their income taxes. Yes, I am one of those procrastinators, but this year tax preparation has been easier than previous years.
There have been years where my receipts were a mess and difficult to locate. This […]
This is a pretty common question asked during tax season. What exactly is the difference between a non-refundable tax credit and a tax deduction?
Tax Deduction
A tax deduction reduces your income for the year which can potentially mean that you've over paid on your taxes. Come tax return season, you'll get a refund on your […]
I read a great article on Tim Cestnick's site today regarding what Canadians should do with their RRSPs when permanently leaving Canada for retirement. That is, how to efficiently minimize the tax of withdrawing from RRSP's when one becomes a non resident of Canada.
The actually learned a lot from this article, and I thought I […]
