How real estate is taxed during a separation or divorce
A couple owned two properties, and each person is taking one as part of their separation. What are the...
capital gain
How much is capital gains tax in Canada?—and other reader questions answered
Last month’s federal budget introduced changes to capital gains tax in Canada. This has raised many questions about who...
Federal Budget 2024: How it will affect Canadians’ finances and taxes
Learn how the federal government’s 2024 budget can affect you and your money.
2023 tax season primer: Our roundup of the best 25 tax tips for Canadians
Can you still claim work-from-home expenses? What is capital gains tax and how does it work? We answer all...
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Should you buy life insurance to pay for tax owed upon death?
When you die, capital gains tax might apply to some of your assets. Can life insurance help shelter your...
How to calculate the adjusted cost base of inherited property
What happens if you inherit a property and have no record of its value at that time? How can...
How to carry back a capital loss for a tax refund
Let’s look at the rules and restrictions around carrying back a capital loss, as well as three things to...
When your child moves into your rental property: Capital gains and how to claim principal residence exemption
When an adult child moves into their parents’ rental property, the family should be clear on a few things,...
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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....