What Canada’s deferred capital gains tax change means for your taxes
The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes...
Estate Planning
How is a non-registered account taxed upon death?
Here’s a primer for Canadians planning for the tax payable on a non-registered account at death, including capital gains...
Moving money from RRSPs, RRIFs and TFSAs in retirement
To have liquidity and reduce taxes, Canadians can move money between registered accounts. But what are the tax, contribution...
Inheritances can strain sibling relationships—how to make estate planning smoother
Communication is key to ensuring an inheritance doesn’t cause friction between siblings. Follow these tips to avoid conflicts in...
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How does a spouse’s death impact your TFSA contribution room?
A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the...
What are the tax implications if you resell Taylor Swift tickets?
Allison resold her Eras Tour tickets instead of going to the concert. The resale website asked for her SIN,...
Should you take extra RRIF withdrawals to increase your estate?
Contrary to the conventional advice, taking more than the minimum RRIF withdrawal can at times save tax on your...
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Estate planning for singles—is a trust company the answer?
Canadians with no children or siblings must consider estate planning alternatives. Here’s why trust companies can be a good...