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What expenses can you deduct for a second property in Canada?

Purchasing a second piece of real estate has its costs, but what expenses can be deducted and claimed for...

Auto

Should you buy an original or aftermarket catalytic convertor? 

When a catalytic converter is stolen or worn out, here’s what to consider when buying a replacement part.

Ask a Planner

Can you gift a farm to your kids to avoid taxes?

The idea to gift property to a family member for a dollar to avoid tax is a common one....

Ask a Planner

What time of year should you retire?

When’s the best time to retire? The timing is not always up to you, but if you can choose,...

Ask a Planner

How to invest with spousal loans for Canadians—and how to pay it back

There is plenty of advice on setting up a spousal loan for income splitting, but it’s important to know...

Investing

Market outlook: Stock prices have started rising—will the good vibes last?

July 2022 was the best month to be invested since the pandemic began. Here’s what this means for investors,...

Ask a Planner

Do you have to split your estate evenly between your children?

Courts in some provinces can vary the distribution of an estate and override a last will and testament. Here’s...

loans

Does it make sense to use a line of credit to pay off credit card debt?

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Estate Planning

Is the family responsible to pay the mortgage for a loved one who has passed away?

When a home owner dies with money owing on the property, the type of ownership determines who is accountable...