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,...
tax
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....
4 strategies for income splitting with a lower-income spouse
If one spouse does not work, is it beneficial for the other to invest and buy stocks in their...
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How the self-employed can get organized
Get those receipts and documents in order—disorganization can affect your productivity and profit.
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....
Canada’s Budget 2023: What it means for you and your family
The federal government’s 2023 budget proposes a national dental care plan, a grocery rebate, changes to registered accounts, and...
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What happens to my RRIF when I die?
Here’s how to leave assets in your RRIF account to your spouse, common-law partner, children, grandkids or other beneficiaries—and...