CLU Comment: Tax Assessments & Reassessments

The Canadian tax system is based on a self-assessment or honour system, requiring every taxpayer to file an
annual income tax return with the Canada Revenue Agency (CRA), which sets out income earned, eligible expenses, deductions and credits

CLU Comment: Canada Pension Plan and Quebec Pension Plan

CLU Comment: Contributions under the Canada/Quebec Pension Plan (C/QPP) and Employment Insurance (EI) change annually.

CLU Comment: Principal Residence Exemption: Tax Free Growth Worth Understanding

CLU Comment: Canadian residents generally enjoy tax-free growth in the capital value of their home through a tax measure referred to as the principal residence exemption. This means that many Canadians can sell their home tax-free, however, there are details to observe and criteria to be met for those who want to benefit from this opportunity.

capitalGains2015-01

Capital Gains Exemption