Taxes

Man is reading the T5 from cashing in his whole life insurance policy, and checking his notes from when he bought it.

Ask a Planner

How to calculate the taxable amount for a cashed-in whole life insurance policy

Is a whole life insurance cash value taxable? Spoiler: Yes. But find out how to calculate the taxable amount....

How to calculate the taxable amount for a cashed-in whole life insurance policy
A man thinks about the stock losses in his TFSA as he jogs through a leafy park

Ask a Planner

Selling stocks at a loss in a TFSA: What it means for your contribution room

Before holding speculative stocks in a TFSA, consider what reporting a capital loss means for your contribution room going...

Selling stocks at a loss in a TFSA: What it means for your contribution room
View of the parliament buildings in Ottawa

Financial Planning

Canada’s Budget 2023: What it means for you and your family

The federal government’s 2023 budget proposes a national dental care plan, a grocery rebate, changes to registered accounts, and...

Canada’s Budget 2023: What it means for you and your family
A smiling senior-age man at a dinner table with his adult son and daughter

Ask MoneySense

What happens to my RRIF when I die?

Here’s how to leave assets in your RRIF account to your spouse, common-law partner, children, grandkids or other beneficiaries—and...

What happens to my RRIF when I die?

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A man walks along a European street wearing headphones and carrying a bag

Ask a Planner

For Canadians living abroad, is it worth investing in foreign ETFs?

Canadians with extra savings overseas may wish to invest in foreign ETFs. However, there may be alternatives with less...

For Canadians living abroad, is it worth investing in foreign ETFs?
A woman in her 60s holds a coffee, pondering how to have the most tax-efficient retirement income plan

Ask MoneySense

How to have the most tax-efficient retirement income plan

Should you plan your retirement savings around paying the least amount of taxes? Find out the implications and the...

How to have the most tax-efficient retirement income plan
Compound interest calculator: bar graph of money exponentially growing

Investing

Compound interest calculator: How to use one and how interest grows

Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s...

Compound interest calculator: How to use one and how interest grows
A young woman smiles as she buys a GIC on her laptop

GICs

How GIC interest rates work

How GIC interest rates work

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A woman is looking at her notice of assessment to determine her RRSP contribution room.

RRSPs

How do the RRSP contribution carry forward rules work?

How do the RRSP contribution carry forward rules work?

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