FHSA 2026: Your $8,000 Room Is Ready — Here's How to Use It
Every eligible FHSA holder accumulates another $8,000 of contribution room on January 1, 2026. If you haven't opened an account yet, unused room carries forward — but only after you open the account.
Capital Gains Changes: The June 25 Implementation Date Explained
The proposed two-thirds capital gains inclusion rate was to apply to dispositions after June 24, 2025. While Parliament's prorogation created uncertainty, the CRA initially directed taxpayers to report gains under the new rate.
2025 TFSA Limit Is $7,000 — Here's What Changed for RRSP Room Too
The TFSA annual limit remains $7,000 for 2025, bringing cumulative room to $95,000 for anyone who has never contributed. RRSP contribution limits for 2025 are based on 18% of 2024 earned income, up to a $32,490 ceiling.
Crypto Tax in Canada 2024: Mining, Staking, DeFi, and NFTs
The CRA treats cryptocurrency as a commodity, not currency — meaning every trade, exchange, and payment triggers a capital gain or business income event. This guide covers mining income, staking rewards, DeFi transactions, and NFT sales.
FHSA: One Year In — The Mistakes New Account Holders Are Making
After the FHSA launched in April 2023, Canadians made several common errors: failing to carry forward unused room, treating it like a TFSA for non-qualifying withdrawals, and missing the first-time buyer definition. Here's how to stay on track.
FHSA Is Live: Everything You Need to Open an Account Today
The First Home Savings Account became available on April 1, 2023. This guide covers who qualifies, which institutions offer it, how to maximize the $8,000 annual deduction, and why opening it early — even if you can't contribute — matters.
Deductibility of Investment Loan Interest: The Income-Earning Test
Interest on money borrowed to earn investment income is generally deductible — but only if the investments have a reasonable expectation of producing income. CRA's interpretation of this rule has narrowed since the Ludco and Singleton cases.
TFSA Limit Jumps to $6,500 in 2023 — Cumulative Room Now $88,000
The annual TFSA limit increased to $6,500 in 2023, up from $6,000 in 2019-2022. Canadians who have been eligible since the TFSA launched in 2009 and have never contributed now have $88,000 of cumulative room available.
TFSA Overcontribution: What Happens and How to Fix It
If you contribute more to your TFSA than your available room allows, the CRA will assess a 1% per month penalty on the excess amount until it is withdrawn. We explain how to check your room, fix an overcontribution, and avoid the RC243 nightmare.
Stock Option Changes 2021: $200K Limit for Large Employers
Starting July 1, 2021, stock option benefits from large public companies and large CCPCs are subject to a $200,000 annual cap. Benefits above this threshold are treated as ordinary employment income rather than receiving the 50% deduction.