How to avoid probate fees in Canada
Avoiding probate fees in Canada involves implementing strategies such as using beneficiary designations, joint ownership, and establishing trusts to...
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Are home renovations tax deductible in Canada?
Doing home renovations? Find out if there are any tax incentives that Canadians are able to claim.
When does the role of power of attorney end—and estate trustee begin?
There are various roles for estate planning, including the POA and the estate trustee. Find out the difference between...
How to claim a child’s income below the basic personal amount
Even if a child’s earnings are exempt from income tax, they may be entitled to tax credits or deductions....
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A strategy for non-registered and TFSA accounts in retirement
Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to fund retirement?
How do car repair shops bill for services?
Why would a dealership bill more hours than its mechanics actually spent on servicing a car? Is this legal?
Estate planning and trusts for a beneficiary with a disability
When seeking advice that may involve multiple disciplines, including estate planning for a beneficiary with a disability, what type...
Is it better to list a beneficiary on registered investments or have the account go to the estate?
When is it better to have beneficiaries listed on investment accounts versus leaving everything to the estate?
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Should you collect CPP and OAS while working in your 60s?
If you’re in your 60s and plan to remain in the workforce, here’s what you need to know about...