Tax and estate planning for joint accounts
Many Canadians have questions about how accounts are transferred upon death. Here’s how it works when assets are held...
Articles By Jason Heath, CFP:
How to reduce foreign exchange costs using Norbert’s Gambit
Converting between U.S. and Canadian dollars can be costly. This technique can reduce the cost from 2% or more...
How to use FHSA and RRSP withdrawals for a home down payment in Canada
First-time home buyers in Canada can pull from savings in registered accounts to fund their down payment. Here’s how...
What Canada’s deferred capital gains tax change means for your taxes
The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes...
CPP for non-residents of Canada: How to apply, report pension income and more
A Certified Financial Planner explains how the CPP process works for a non-resident of Canada and if a return...
Can seniors claim home renos on a tax return? If so, which ones?
Canadian seniors may be eligible for a tax credit on safety-related home renovations. Let’s look at the credits available...
Invest or pay off debt: A comprehensive guide for Canadians
Is it better to invest your money or use it to pay down your mortgage or other debt? It...
How is a non-registered account taxed upon death?
Here’s a primer for Canadians planning for the tax payable on a non-registered account at death, including capital gains...
How does a spouse’s death impact your TFSA contribution room?
A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the...