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A man of retirement age

Life Insurance

Using whole life insurance for tax-free income in retirement

Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...

Using whole life insurance for tax-free income in retirement

News

Markets bet on second Bank of Canada interest rate cut

Economists and market analysts expect the central bank to cut its benchmark rate this week following a drop in...

Markets bet on second Bank of Canada interest rate cut

Investing

Making sense of the markets this week: July 21, 2024

Inflation in Canada cools, Netflix killed commercials only to bring them back, U.S. banks are cautiously profitable, and American...

Making sense of the markets this week: July 21, 2024
children and caregiver at daycare centre

Jacks on Tax

How the $10-a-day child care program can affect your taxes

The new subsidized child-care spaces are indeed a bargain, but they come with reduced tax benefits. Here’s how to...

How the $10-a-day child care program can affect your taxes

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Two brothers fishing at their Canadian cottage.

Selling

Selling a cottage to a family member: What that means for capital gains

If the property was bought before 1994, there may already have a $100,000 capital gains deduction.

Selling a cottage to a family member: What that means for capital gains
Canadian family saying goodbye to the cottage they're selling.

Taxes

Tax deductible expenses when selling a cottage in Canada

Minimize capital gains taxes on the sale of a cottage in Canada by making smart reno choices.

Tax deductible expenses when selling a cottage in Canada
Photo of Corus building logo in Toronto

News

Corus Entertainment announces further layoffs to help cut costs

Television and radio broadcaster reports that its consolidated revenue fell 16.5% for the quarter, and 15% for the year...

Corus Entertainment announces further layoffs to help cut costs
Rolls of coiled coated steel are shown at Stelco in Hamilton on Friday, June 29, 2018.

News

Hamilton steelmaker Stelco sold to Cleveland-Cliffs for $3.4 billion

The company will remain headquartered in Ontario and maintain ”significant employment levels” in Canada.

Hamilton steelmaker Stelco sold to Cleveland-Cliffs for $3.4 billion

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A man sits in the grass with this grandson, who is drinking from a cup

Ask a Planner

When and how to transfer an RESP for grandchildren

Grandparents, relatives and even family friends can open an RESP account. What should they consider from an estate planning...

When and how to transfer an RESP for grandchildren

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