Taxes - My Own Advisor

Tax treatment of Canadian dividend paying stocks

Posted on September 7, 2016 by Mark | 26 Comments

Tax treatment of Canadian dividend paying stocks I got this email in my inbox recently: You write about Dividend Reinvestment Plans (DRIPs) often. I wonder if you would discuss the beneficial tax treatment of dividends and DRIPs. I’m not sure…

What should you do with your tax refund?

Posted on April 26, 2016 by Mark | 16 Comments

This is an updated post on managing your tax refund. Congratulations – because you took advantage of tax credits and deductions, and you contributed more money to your Registered Retirement Savings Plan (RRSP) this past year – you got a…

The Best Thing For Your Tax Refund

Posted on May 5, 2015 by Mark | 21 Comments

I stumbled upon this article after reading Rob Carrick’s best reads column recently. I found it interesting to learn what some personal finance experts felt was the best thing they ever bought with their tax refund. Here are some of…

RRSP Fast Facts and Our Game Plan

Posted on February 24, 2014 by Mark | 6 Comments

Ok, I’m sure you already know the basics about the Registered Retirement Savings Plan (RRSP) – so let’s play a game of True or False. RRSPs are an investment product themselves so go out and buy some RRSPs now! You…

RRSPs make great “cents” if you manage the refund

Posted on February 23, 2014 by Mark | 31 Comments

I’ve been a big fan of the Tax Free Savings Account (TFSA) or what I’d like to rename the account as the Tax Free Retirement Account (TFRA) ever since the account was launched a few years ago. It’s easy to…

Year End Financial Planning

Posted on December 14, 2013 by Mark | 3 Comments

The decorations are up. The marketing campaigns are in full swing. People are becoming more edgy by the day. Yup, Christmas is coming folks. Kidding aside, it’s a great time of year and I’m looking forward to the holidays with…

Tax Deferred Investing – RRSPs 101

Posted on November 5, 2013 by Mark | 15 Comments

An RRSP is a Registered Retirement Savings Plan that you establish, the Canada Revenue Agency registers, and to which you or your spouse or common-law partner can contribute to. These are some great tax deferred investing concepts you need to know about…

3 great ways to spend your tax refund wisely

Posted on May 22, 2013 by Mark | 5 Comments

Drawing some inspiration from some other great blogs and articles recently, I wanted to ask you – what did you do with your tax refund this year? Did you spend it wisely? I’m sure I’m no different than you but we’ve…