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The Personal Finance & Tax Blog
http://blog.taxresource.ca
To discuss personal finance, tax, credit, and estate planning.
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Held Liable For Someone Else’s Tax Debt?
Your friend comes to you with a favour and proposition: The Canada Revenue Agency has attempted to collect back taxes and has frozen your friends’ bank accounts. Your friend needs to pay rent and buy groceries and asks you to help. Your f...
Reader Mail Bag Update: Lifetime Capital Gains Exemption
On July 2nd, I published a response to a reader's questions concerning tax free income in Canada. I received a follow-up question from the writer yesterday concerning the lifetime capital gains exemption (LCGE)....
Gas Prices vs. Public Transit
Gas prices over the weekend before Canada Day were hovering around 1.35 per litre (5.10 per gallon for our American friends) and I've started to really think about whether it makes sense to use public transit or continue to drive my car....
Reader Mail Bag: Tax Free Income
I frequently receive e-mails through my contact form on a variety of topics and I endeavour to answer all reader e-mail as soon as possible. From time-to-time though, I get some interesting questions that would benefit a wider audience and will addr...
Employee Loans
If your employer agrees to lend you money a taxable benefit may be included on your T4 slip if the loan is low or interest free or if the loan or a portion of the loan is forgiven by your employer....

