Using whole life insurance for tax-free income in retirement
Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...
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How the $10-a-day child care program can affect your taxes
The new subsidized child-care spaces are indeed a bargain, but they come with reduced tax benefits. Here’s how to...
“We’re set for life. Should we cash out an RRSP?”
The cost/benefit analysis of liquidating an RRSP can get complex fast. What matters more are your priorities.
Do I need a GST or HST number?
Even freelancers who haven’t yet hit the $30,000 earnings threshold should think about charging the goods and services tax.
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Single, no pension? Here’s how to plan for retirement in Canada
There are financial and logistical challenges to being single in retirement. Here are some tips to tackle them, especially...
Is the capital gains hike legally binding? What it would take to change the rules
A change to the capital gains inclusion rate takes effect on June 25. We look at the likelihood of...
Moving? Don’t miss these lucrative tax deductions on your moving expenses
You can ease the financial pain of a costly move by deducting those expenses from your employment, self-employment or...
Goodbye, Canada: A guide to departure tax, withholding tax for non-residents
Some Canadian residents plan to retire abroad, while others are only here temporarily for work. No matter the reason,...
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How to prepare for future changes in tax policy—including capital gains tax
What do changes to capital gains in Canada teach us about tax planning generally? And how should we approach...