Multigenerational Home Renovation Tax Credit: What is it and do you qualify?
New for the 2023 tax year, you might be able to claim the Multigenerational Home Renovation Tax Credit for...
taxes
Side hustles and self-employment in Canada: Taxes, business expenses and more
If you recently started a side hustle or became a freelancer, you likely have questions about taxes, business expenses...
A company I hold stock in was acquired or merged—do capital gains apply?
Shareholders cannot always prevent a company sale or merger from going ahead. When that happens, do you still owe...
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 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...
What do to with a spousal RRSP at age 71
Converting the account to a spousal RRIF is a common option, but be aware of the income attribution rules.
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What expenses can you deduct when renovating a rental property?
The purpose of the renovations, as well as the occupancy of the building, can influence whether the expenses are...