You have to sell a cemetery plot—will you owe capital gains tax?
Cemetery plots in some big Canadian cities can be worth $50,000 or more. Their sale or deemed disposition may...
Estate Planning
How real estate is taxed during a separation or divorce
A couple owned two properties, and each person is taking one as part of their separation. What are the...
How executors get paid in Canada
Understanding the tax implications, benefits and pitfalls of executor compensation.
How much is capital gains tax in Canada?—and other reader questions answered
Last month’s federal budget introduced changes to capital gains tax in Canada. This has raised many questions about who...
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Can transferring ownership of a house help avoid probate tax?
Transferring ownership of a house while parents are still living can significantly affect probate tax, but there are other...
“Our parents just passed—What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
Caring for aging parents in Canada: Financial challenges and strategies for relief
Be prepared for the financial burdens of caring for aging parents by learning about the innovative strategies that could...
Should you buy life insurance to pay for tax owed upon death?
When you die, capital gains tax might apply to some of your assets. Can life insurance help shelter your...
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What new bare trust tax filing rules mean for Canadians
Do Canadians have to file a trust tax return this year? What is a bare trust? What are the...