Canadian Tax & Registered Account Guides

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All 25 guides on taxes & registered accounts

• Why Is My Bonus Taxed So High? Bonus Tax Withholding in Canada, Explained

  Your bonus isn't taxed at a special rate. Payroll withholds the extra tax the bonus adds to your year, which lands at your marginal rate, plus CPP and EI if you haven't maxed them. What a bonus actually nets in 2026, and how to keep more of it.

  Reviewed Sep 14, 2026

• The Canada Child Benefit: How Much You Get, the Income Thresholds, and How to Maximize It

  The Canada Child Benefit pays up to $8,157 per child under 6 and $6,883 per child 6-17 per year (July 2026 to June 2027), tax-free, dropping as family income passes $38,237. The payment schedule, the clawback math, and the moves that increase your benefit.

  Reviewed Sep 14, 2026

• Crypto Taxes in Canada: Every Transaction CRA Considers Taxable

  In Canada, crypto is taxed on every disposition — selling, trading coin-to-coin, spending it, and gifting all trigger capital gains (50% taxable) or business income (100% taxable). Staking and mining rewards are income on receipt. The rules, the records, and what happens if you haven't reported.

  Reviewed Sep 14, 2026

• EI Benefits in Canada 2026: How Much You Get, For How Long, and the Traps

  Regular EI pays 55% of your average insurable earnings up to a maximum of $729 a week (2026 figures), for 14 to 45 weeks depending on your hours and region. The eligibility rules, the waiting period, and the clawback on earnings.

  Reviewed Sep 14, 2026

• The FHSA: Canada's Only Double Tax-Free Account (And How to Milk It)

  The First Home Savings Account explained: $8,000/year, $40,000 lifetime, deductible like an RRSP and tax-free like a TFSA. Contribution tricks, carry-forward rules, HBP stacking, and what happens if you never buy.

  Reviewed Sep 14, 2026

• FHSA Year-End Strategy: The Deadline Most First-Time Buyers Miss

  FHSA contribution room is $8,000 per calendar year with only $8,000 of carry-forward, and none accrues before you open the account. Why opening an FHSA by December 31 starts the clock, and how the year-end contribution timing works with the deduction.

  Reviewed Sep 14, 2026

• What Is $30 an Hour Annually in Canada? (After Tax, By Province)

  $30/hour is $62,400 a year full-time, but take-home is about $44,800–$48,200 depending on province (2026). Conversion tables for common hourly rates, and what they mean for rent, cars and mortgages.

  Reviewed Sep 14, 2026

• Incorporating vs Sole Proprietor in Canada: The Tax Math That Decides It

  A Canadian corporation pays roughly 12% tax on the first $500,000 of active business income versus up to 53.5% personally — but you pay again getting the money out. Incorporation pays off only when you can leave earnings inside the corp, need liability protection, or split income within the rules.

  Reviewed Sep 14, 2026

• Maternity and Parental Leave Pay in Canada: EI Benefits, Durations, and the Real Monthly Math

  EI maternity benefits pay 15 weeks at 55% of insurable earnings (max $729/week in 2026), then parental benefits run 40 weeks standard at 55% or 69 weeks extended at 33% — roughly $3,160 or $1,890 a month at the maximum. Quebec's QPIP pays more. The full breakdown.

  Reviewed Sep 14, 2026

• Moving Expenses Tax Deduction in Canada: Who Qualifies and What You Can Claim

  Canadians who move at least 40 km closer to a new job, business, or full-time school can deduct moving expenses — movers, travel, temporary lodging up to 15 days, lease-breaking costs, even realtor commissions on selling the old home. The full eligibility rules and what the deduction is worth.

  Reviewed Sep 14, 2026

• RRSP Deadline 2027: The Last-Minute Guide (What Counts, What's Worth It)

  The RRSP deadline is March 1, 2027 for the 2026 tax year. What the deadline actually applies to, how much a contribution saves at your income, and when contributing is the wrong move.

  Reviewed Sep 14, 2026

• RRSP vs TFSA: Which Account Should You Max Out First?

  The definitive RRSP vs TFSA answer for Canadians: the tax-rate rule that decides the winner, the tiebreakers (OAS clawbacks, flexibility, employer match), and the order of operations that maximizes both.

  Reviewed Sep 14, 2026

• Is an RRSP Loan Worth It? The Math on Borrowing to Contribute

  Borrowing $10,000 at 7% for an RRSP costs about $400 in interest and returns roughly $3,000 at a 30% marginal rate — if the refund retires the loan fast. When the strategy works and when it quietly loses.

  Reviewed Sep 14, 2026

• RSU Taxes in Canada: What You Owe at Vesting, at Sale, and Why Paycheques Shrink

  RSUs are taxed as employment income at full market value when they vest — at your marginal rate, just like salary — and any gain after vesting is a capital gain when you sell. The withholding gaps, the double-taxation trap on US stock, and the sell-to-cover math.

  Reviewed Sep 14, 2026

• Severance Pay and Taxes in Canada: What You'll Actually Keep

  Severance is fully taxable, withheld at lump-sum rates of 10-30% and generally free of CPP and EI deductions. What employment standards minimums are, how common-law notice works, and how to keep more of a package.

  Reviewed Sep 14, 2026

• What a $70,000 Salary Actually Takes Home in Every Canadian Province

  Take-home pay on a $70,000 salary in all 13 provinces and territories after 2026 income tax, CPP, and EI, plus the marginal rates that decide what your next raise is worth.

  Reviewed Sep 14, 2026

• Canadian Tax Brackets, Explained With Real Paycheque Math

  How marginal tax brackets actually work in Canada in 2026: federal rates from 14% to 33% stacked on provincial brackets, why a raise never makes you poorer, and what the brackets mean for your RRSP strategy.

  Reviewed Sep 14, 2026

• TFSA Contribution Room: How to Check Yours (And the 1%-a-Month Trap)

  TFSA room explained: the 2026 limit, cumulative room since 2009, how withdrawals return next year, how to check your exact number with CRA, and why over-contributing costs 1% per month.

  Reviewed Sep 14, 2026

• TFSA Over-Contribution Penalty: The 1%-Per-Month Tax That Sneaks Up on You

  Over-contribute to your TFSA and CRA charges 1% per month on the excess until it's removed — plus 100% of any advantage in deliberate cases. How it happens, how to check your real room, and how to fix it fast.

  Reviewed Sep 14, 2026

• Vacation Pay in Canada: How 4% (or 6%) of Your Paycheque Actually Works

  Vacation pay is at least 4% of gross wages (2 weeks) in most of Canada, rising to 6% (3 weeks) after 3 to 15 years depending on the province. How it accrues, when it's paid out, the tax on it, and what happens when you quit.

  Reviewed Sep 14, 2026

• The Principal Residence Exemption: How Your Home Stays Tax-Free (and How People Blow It)

  Canada's principal residence exemption makes the entire gain on your home tax-free — but only one property per family per year, and you must report the sale on your tax return even when the tax is zero. The +1 rule, change-of-use traps, and cottage math.

  Aug 22, 2026

• Rental Income Tax in Canada: Every Deduction Landlords Can (and Can't) Claim

  Net rental income is taxed at your marginal rate — but mortgage interest, property tax, insurance, maintenance, management fees, and even condo fees are deductible. The full deduction list, the CCA recapture trap, and the current-expense-vs-capital line that trips up audits.

  Aug 22, 2026

• Side Hustle Taxes in Canada: What Gig Workers and Freelancers Actually Owe

  Side hustle income in Canada is fully taxable at your marginal rate — a $10,000 side income at a 30% bracket costs $3,000 in tax, plus double CPP contributions. The deductions you can claim, the $30,000 GST/HST threshold, and how to never get an April surprise.

  Aug 22, 2026

• Capital Gains Tax in Canada: The 50% Rule, Explained With Numbers

  How capital gains are taxed in Canada: 50% of the gain added to income and taxed at your marginal rate — so the real tax is ~15–27% of the gain for most people. Principal residence exemption, superficial losses, and harvesting tactics.

  Aug 17, 2026

• RRSP Withholding Tax: What You Actually Lose When You Withdraw Early

  RRSP withdrawal withholding tax explained: 10% under $5,000, 20% to $15,000, 30% above — why withholding is not the real tax, what HBP and LLP withdrawals avoid it, and smarter alternatives to raiding your RRSP.

  Aug 16, 2026