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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Should you use the RRSP Home Buyers’ Plan on a mixed-use property?
You can withdraw from your RRSP to purchase a mixed-use property through the HBP. However, transferring funds to a...
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....
Should you include your pension in your net worth?
Whether to include a pension in your net worth statement is up for debate. If you choose to do...
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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...
DC plans once you retire: What do you do with them?
When coming up to retirement, should your investments move with you. Find out the options for soon-to-be retirees. ...
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.
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...
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Should you accelerate your mortgage payments—or invest?
Chantal wants to pay down debt, invest and buy a property down south but isn't sure which to prioritize....