Principal residence exemption on death and capital gains with joint tenancy
There are rules around capital gains on the sale of joint property in Canada. But how does death affect...
Ask a Tax Expert
Cutting down capital gains tax on real estate sales
Defer RRSP contributions to mitigate taxes
What you need to know about your 2020 income taxes
Tax filing and payment deadlines may still be months away, but you should start planning now to avoid a...
Little-known tax deductions landlords should consider
From travel costs to collect rent, to picking up the tab for a service provider’s lunch, to the cost...
Advertisement
The right way to report shared investment income on a tax return
Does changing the ratio of your contributions put you at risk for a CRA audit? And what’s the best...
Can you reduce the amount of tax withheld on RRSP withdrawals?
David is shocked by how much tax is deducted from his RRSP withdrawals, despite his low income. What are...
Claiming income on a co-owned rental property
Marie, who owns two rental properties with her spouse, noticed that their tax preparer didn't allocate the income 50/50....
Who pays the tax on dividends earned in a joint account?
Though tax reporting can be complicated, on this point the answer is simple—at least, from the Canada Revenue Agency’s...
Advertisement
“When should I claim the cost of renovations to my rental property?”
Whether to write off the cost of renovations annually, or upon the sale of the property, depends on how...