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When do CPP and OAS pension payment increases happen around your birthday?

Luis asks when his Old Age Security payments will increase now that he is 75. We look at adjustment...

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Planning to use your home equity in retirement

Real estate equity is a big part of seniors’ net worth. Some Canadian retirees may want or need to...

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What to do if your pre-construction condo has dropped in value

Many pre-construction condos bought in recent years, especially in Toronto, are now worth much less. If you can’t close...

Cash Allocation

Your home sold—now what?

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Revising the fair market value of a property for tax purposes

Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in...

Taxes

When does the capital gains tax inclusion rate increase take effect?

Ottawa defers effective date of capital gains changes to 2026 and promises exemptions for the tax inclusion increase.

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Is transferring your principal residence to your corporation a good idea?

Would swapping a house for cash from a corporation save on taxes? And is this tactic worth it in...

Jacks on Tax

Year-end tax-saving tips for Canadians for 2024

Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before...

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What to know as Canada’s capital gains tax changes remain in legal limbo

The federal government’s capital gains inclusion rate increase has yet to become law. There’s a slight chance it may...