Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
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Self-employed with no pension
Here’s how freelance workers and entrepreneurs in Canada can use the unique aspects of “working for yourself” to build...
Why GICs are a good addition to an RRSP or a TFSA
If you’re looking for ways to protect or grow your savings, a GIC may be the right solution—especially if...
Can I sell my cottage tax-free?
Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...
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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...
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...