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Revising the fair market value of a property for tax purposes

Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in...

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Financial fraud in Canada: What to do if your bank account or credit card is compromised

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Equifax

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How to reduce capital gains tax with RRSP contributions

RRSP contributions can reduce capital gains tax. How does that work, and when might a different tax strategy be...

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Who pays tax on cash gifts in Canada?

Want to give or loan money to your children? Here are the factors that determine who pays tax in...

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Can you decline or step down as power of attorney in Canada?

Power of attorney compensation can be high, but the role can be a lot of work. Here’s what happens...

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How RRIF withdrawals work when you have multiple registered accounts

Canadians must begin taking RRIF withdrawals the year after converting an RRSP. What happens if you convert only part...

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Do retirees need life insurance?

A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?

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How to reduce foreign exchange costs using Norbert’s Gambit

Converting between U.S. and Canadian dollars can be costly. This technique can reduce the cost from 2% or more...

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How to use FHSA and RRSP withdrawals for a home down payment in Canada

First-time home buyers in Canada can pull from savings in registered accounts to fund their down payment. Here’s how...