Should you loan money to someone who is house rich and cash poor?
Loaning money to someone who is house rich and cash poor requires some consideration. Even when it involves family....
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How does an executor pay estate expenses during the probate process?
An executor is expected to pay the expenses of an estate on time, but what happens if the estate...
I cosigned a motorcycle loan and the owner passed away: What are my obligations to the bank?
A Certified Financial Planner helps a reader understand their obligations—and their options—after cosigning on a loan.
How to save on capital gains tax when selling a rental property
A reader wonders if he should buy his parents’ rental property or wait to inherit it, based on the...
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What are the fees for becoming a joint tenant on a parent’s property?
In becoming a joint tenant, what are the costs associated with it? What impact would a death have on...
Capital gains when selling property to family
If you sell a property to a relative for a bargain price, does that mean you pay less tax...
Understanding the 1994 capital gains tax election
There is a $100,000 capital gains exemption that applied until 1994. Find out if it can be used to...
Cutting down capital gains tax on real estate sales
Defer RRSP contributions to mitigate taxes
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TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants?
A Certified Financial Planner helps a reader understand these titles, the differences and which one is best.