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Inheritance

family at the cottage, with its future generation of owners

Vacation Homes

Family legacy: How to pass along the family cottage—and 3 things to avoid

Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.

Family legacy: How to pass along the family cottage—and 3 things to avoid
A woman takes notes while discussing inheritance rules with an advisor on the phone

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When does the “plus 1” rule apply to a principal residence? 

There are tax implications to inheriting a second property. But in certain circumstances, you can have two principal residences...

When does the “plus 1” rule apply to a principal residence? 
A man standing in a field considers whether he needs life insurance, while holding his young daughter in his arms

Life Insurance

5 reasons to buy life insurance—right now

An effective financial plan goes beyond saving and investing. Life insurance can also be a key element in achieving...

5 reasons to buy life insurance—right now
A 70-year-old woman sitting back reading a book

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Do RRIF beneficiaries pay tax?

Is it possible to avoid tax as a RRIF beneficiary? Find out if timing could be an issue, as...

Do RRIF beneficiaries pay tax?

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Financial Planning

Video: How to split an inheritance

MoneySense expert Bruce Sellery answers viewer questions about splitting an inheritance and getting started in the stock market.

Video: How to split an inheritance

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Should you sell your home to your kids?

Graham is considering a creative strategy to access his home equity with the help of his grown children. The...

Should you sell your home to your kids?

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How should I invest a $60,000 inheritance?

Investing a large sum of money can be daunting. Here are some things you need to consider

How should I invest a $60,000 inheritance?
inheritance

Investing

An investment strategy for a six-figure inheritance

Is David on the right track with his DIY investment plan?

An investment strategy for a six-figure inheritance

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Investing

How to invest a $50,000 inheritance

Here's the best thing to do with a windfall right now

How to invest a $50,000 inheritance

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