A high income changes the tax maths. Start with your marginal rate.
When your top bracket is high, every choice about where to save and how to invest is worth more. These guides start with the number that drives them all and move on to the common decisions.
If you are incorporated, as many doctors, dentists and other professionals are, the business owners guides cover the company side. This page is about your personal tax.
Your reading list
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1Start here Calculator
Marginal Tax Rate Calculator
See what your next dollar of income is taxed at in your province. Every other decision starts here.
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2Step 2 2 min read
RRSP vs TFSA in 2 Minutes
At a high rate the RRSP refund is worth more, but it is not always the winner.
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3Step 3 2 min read
Stock Options and RSUs: Tax in 2 Minutes
Paid in company shares or options? Tax can arrive before you sell.
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4Step 4 2 min read
Capital Gains Tax in 2 Minutes
How investment profits are taxed once your registered accounts are full.
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5Step 5 2 min read
Tax-Loss Harvesting in 2 Minutes
Use investment losses to cut the tax on your gains.
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6Step 6 2 min read
Dividend Tax in 2 Minutes
Why Canadian dividends are taxed less than a paycheque.
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7Step 7 2 min read
The Smith Manoeuver in 2 Minutes
If you own a home, a way to turn mortgage debt into deductible debt.
What these guides do not cover
- Income splitting with a spouse and spousal RRSPs
- Charitable giving strategies
- Professional-corporation planning (see the business owners guides)
This is education, not tax, legal or investment advice. Talk to a licensed Canadian chartered professional accountant or certified financial planner before you act.
Other guides by audience
You own a home. Here is where tax can work for you.
Rent is income and the sale is a gain. Here is how each is taxed.
Your company and you are taxed separately. Start with how money comes out.
Nobody withholds your tax. Here is what to plan for.
A second property doubles the tax planning. Start with the one-per-family rule.