Capital gains tax when renting out your former principal residence
There may be tax implications to renting out your home after moving out of it. There are also some...
Taxes
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...
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...
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.
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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.
What is the Canada Carbon Rebate? Plus, dates and amounts for 2024 rebates
The Canadian government is sending out the third carbon rebate of 2024. See who’s eligible and how much you...
Can you help your kids financially without compromising your retirement?
A Certified Financial Planner explains what to think about before helping your kids with a gift or loan.
It’s possible to be a first-time home buyer twice—here’s how
Some government programs are flexible with the definition of “first-time home buyer.” Find out what it can mean for...
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Do I need a GST or HST number?
Even freelancers who haven’t yet hit the $30,000 earnings threshold should think about charging the goods and services tax.