How to make almost an extra $500K over your lifetime: Comparison of dividends versus salary & capital gains
Dividends (depending on your province) are a great way to make an income and pay barely anything in taxes. If you’re tax efficient, $30,000 in income is NOT EQUAL across the
Tax Efficiency Strategy: What I plan on doing as a long-term plan to minimize taxes
I’ve been interested as of late, in tax-efficiency strategies because I don’t talk about them often, but I do practice them. I realized (from comments and questions) th
Why I invest in dividends as an investing strategy
Dividend-paying stocks are definitely not a passive investing strategy. You need to research into each stock, monitor the portfolio, keep on top of the news and trim where needed.
2020 Canadian RRSP, TFSA and RESP limits (Canada)
Registered Retirement Savings Plan (RRSP) Tax-sheltered meaning you get a tax credit when you contribute towards it (lowers your taxable income) BUT you pay taxes when you withdraw
Ask Sherry: Where did I learn how to do my individual and corporate taxes?
You asked, and I am answering every Friday once I have enough questions! You can ask any question using the form here. Does your tax knowledge comes from your University degree or
Investing Series: Don’t liquidate, transfer your assets to fund your retirement accounts instead
Maybe everyone knows about this already but I didn’t, and I’m looking at someone out there to back me up on not having known this either (anyone? ANYONE?). I have all o
When should you “retire” and start taking Canadian Pension Plan (CPP) Benefits?
As someone who is thinking about retirement at an early age, the Canadian Pension Plan (CPP) has always been a bit of a mystery to me. (Not to be confused with the other two OAS (
How and what you can claim your business expenses on your taxes as a blogger (Canada)
As a follow-up to my post on how to declare your income and expenses as a blogger, I thought it would be a good idea to comprehensively list out what you could claim as a blogger w
How to declare your income and expenses as a blogger (Canada)
It occurred to me as I was filling out my taxes this year that maybe people don’t know how to claim blog income (that is, if they don’t use an accountant). It’s a
Investing Series: How does the capital gains tax work in Canada?
This is a part of the Investing Series. ————————————————- A common misconception I