Frequently Asked Questions

What happens to my assets upon divorce?

How do I pay personal income tax balance owing to the Canada Revenue Agency (CRA)?

Can we reduce our revenues by the dividends we paid?

Does the strategy of high dividends and low salaries limit our ability to contribute to RRSPs?

As an individual, how can I minimize my overall tax burden this year?

I am currently a small business owner and I have been classified as an accelerated payroll remitter. What does this mean and what can I do to change the classification?

I paid interest on my student loans this year, can I claim these as an expense?

If I pay taxes in another country, is there any relief on my tax burden in Canada?

Is there any way that I can avoid paying taxes on my RRSP withdrawals if I am a non-resident?

If I am currently living outside of Canada and have a RRSP, can I withdraw my funds from the RRSP tax free?