Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
Taxes
A parents’ guide to home down payment gifts and loans
Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...
How do the RRSP contribution carry-forward rules work?
What are the rules about RRSP carry forwards? Should you ever defer deducting a contribution?
Why GICs are a good addition to an RRSP or a TFSA
If you’re looking for ways to protect or grow your savings, a GIC may be the right solution—especially if...
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How GIC interest rates work
Find out what factors affect GIC rates and how to buy these low-risk investments.
What types of GICs are available in Canada?
With GICs, you can grow your money without risk. We explain the benefits of investing in GICs and the...
Can I sell my cottage tax-free?
Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...
Inheriting cottage and the capital gains implications
Jill's late husband left her a cottage. What happens if she transfers ownership to her stepchildren?
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Reducing capital gains on a cottage
With planning and the right documents, the capital gains tax owing on a family cottage can be lowered. Here...