Author: Darrel Pratt

How Can I Hide Money Before Divorce In Canada?

Other ways for a spouse to reduce or hide assets include: lending money to family or friends. generating fake expenses. transferring finances to a separate account. not disclosing income. not disclosing all business assets. making large purchases. secretly withdrawing money from accounts such as RRSPs. How do people hide money before a divorce? Here are […]

Can I Deduct Financial Advisor Fees In Canada?

In Canada, fees paid to a financial advisor are not tax deductible. This is because the fee is considered to be a personal expense. Generally, only business or self-employed-related expenses are tax deductible. Can I write off fees paid to financial advisor? While you can no longer deduct financial advisor fees, there are some other […]

How Is Sales Tax Determined In Canada?

The harmonized sales tax (HST) is a combination of federal and provincial taxes on goods and services in five Canadian provinces. The HST tax rate is 15% in all participating provinces except Ontario, where it is 13%. How is sales tax calculated in Canada? Ontario applies 13% HST to most purchases, meaning a 13% total […]