Ask a Planner

How much is capital gains tax in Canada?—and other reader questions answered

Last month’s federal budget introduced changes to capital gains tax in Canada. This has raised many questions about who...

Ask MoneySense

Can transferring ownership of a house help avoid probate tax?

Transferring ownership of a house while parents are still living can significantly affect probate tax, but there are other...

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“Our parents just passed. What do we do about their estate?”

Two siblings’ complex inheritance provides a case study in minimizing death taxes.

Estate Planning

Caring for aging parents in Canada: Financial challenges and strategies for relief

Be prepared for the financial burdens of caring for aging parents by learning about the innovative strategies that could...

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Should you buy life insurance to pay for tax owed upon death?

When you die, capital gains tax might apply to some of your assets. Can life insurance help shelter your...

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What new bare trust tax filing rules mean for Canadians

Do Canadians have to file a trust tax return this year? What is a bare trust? What are the...

Retired Money

How to cope with the RRSP-to-RRIF deadline in your early 70s

You don’t want to miss the conversion deadline at the end of the year you turn 71—you’ll be on...

Financial literacy

Dating dilemma: When to talk about finances

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Taxes

Tax changes to know about for 2023, from home offices to house flipping

Let’s review the big changes to be aware of this tax filing season.