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Month: April 2022

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The Tax-Free First Home Savings Account

Posted on Apr 14, 2022April 14, 2022

In the 2022 Federal budget, the Canadian Government has proposed a Tax-Free First Home Savings Account (“FHSA”) to assist first-time home buyers in buying a

Read MoreThe Tax-Free First Home Savings Account

If I Withdraw Funds from My TFSA Can I Recontribute in the Same Year?

Posted on Apr 6, 2022April 6, 2022

This is a question clients frequently ask me so I thought I should write a blog post about it. Assuming you have made your maximum

Read MoreIf I Withdraw Funds from My TFSA Can I Recontribute in the Same Year?

India Imposes Flat Rate Tax on Crypto Transactions

Posted on Apr 4, 2022April 4, 2022

As of April 1,2022, a new flat rate tax for the transfer of digital assets came into effect in India. This tax affects both cyrptocurrency

Read MoreIndia Imposes Flat Rate Tax on Crypto Transactions

Why You Should Disclose Your Unreported Foreign Income Now

Posted on Apr 1, 2022April 1, 2022

Canadian residents are taxed on their worldwide income. This includes foreign income such as, business income, interest income, investment income, and foreign pension income, to

Read MoreWhy You Should Disclose Your Unreported Foreign Income Now

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