Ask MoneySense Archives

RRSP contributions can reduce capital gains tax. How does that work, and when might a different tax strategy be...

Want to give or loan money to your children? Here are the factors that determine who pays tax in...

Power of attorney compensation can be high, but the role can be a lot of work. Here’s what happens...

Canadians must begin taking RRIF withdrawals the year after converting an RRSP. What happens if you convert only part...

A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?

Many Canadians have questions about how accounts are transferred upon death. Here’s how it works when assets are held...

Converting between U.S. and Canadian dollars can be costly. This technique can reduce the cost from 2% or more...

First-time home buyers in Canada can pull from savings in registered accounts to fund their down payment. Here’s how...

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...