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Tax Strategies

Tax Strategies for Individuals and Business Owners

Personal and corporate tax strategies for Canadians — income splitting, charitable giving, tax-loss selling, home office and vehicle expenses, salary versus dividend, and health spending plans.

Tax Strategies

Tax is usually the largest single cost in a financial plan. These are the strategies that reduce it — for your personal return and, if you are incorporated, for your corporation too.

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For Individuals and Families

Pension Income Splitting
Tax Strategies

Pension Income Splitting: A Couple’s Guide to Cutting Your Tax Bill

If one spouse has significantly more retirement income than the other, pension income splitting can save thousands of dollars every year — and most…

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Charitable Giving Strategies That Reduce Tax
Tax Strategies

Charitable Giving Strategies That Reduce Tax — Beyond the Basic Receipt

Writing a cheque and getting a receipt is the simplest way to give — but not the most tax-efficient. A few adjustments can significantly increase the…

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Tax-Loss Selling Before December 31
Tax Strategies

Tax-Loss Selling Before December 31: What Albertans Need to Know

If you hold investments worth less than you paid for them, selling before year-end can offset gains elsewhere and reduce your tax bill — but the…

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The FHSA Explained
Tax Strategies

The FHSA Explained: Tax-Free Savings for a First Home — and How Parents Can Help

The First Home Savings Account gives a tax deduction going in and tax-free growth coming out — and it is one of the best ways to help an adult child…

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For Business Owners

Home Office and Vehicle Expense Rules for Self-Employed Professionals
Tax Strategies

Home Office and Vehicle Expense Rules for Self-Employed Professionals

If you work from home or use your vehicle for business, the deduction rules are generous — but the documentation requirements are strict. Here is how…

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Salary vs Dividend
Business Planning

Salary vs Dividend: Which Saves You More in 2026?

For incorporated business owners, how you pay yourself — salary, dividends, or a combination — affects personal tax, corporate tax, CPP…

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The PHSP
Business Planning

The PHSP: The Most Underused Tax Strategy for Incorporated Owners

A Private Health Services Plan allows incorporated business owners to pay for health and dental expenses through the corporation, with favourable tax…

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Joanne David CFP FCSI

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