Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
Estate Planning
Why a reverse mortgage should be a last resort for most Canadian retirees
Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...
A parents’ guide to home down payment gifts and loans
Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...
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Yes, a cottage is an investment property—here’s how to minimize capital gains tax
Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...
Why these authors want you to spend your money and die with $0 saved
According to the book Die with Zero, we should all run out of money just as we run out...
Selling a cottage to a family member: What that means for capital gains
If the property was bought before 1994, there may already have a $100,000 capital gains deduction.
When and how to transfer an RESP for grandchildren
Grandparents, relatives and even family friends can open an RESP account. What should they consider from an estate planning...
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Can you help your kids financially without compromising your retirement?
A Certified Financial Planner explains what to think about before helping your kids with a gift or loan.