Can I sell my cottage tax-free?
Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...
Taxes
Inheriting cottage and the capital gains implications
Jill's late husband left her a cottage. What happens if she transfers ownership to her stepchildren?
Reducing capital gains on a cottage
With planning and the right documents, the capital gains tax owing on a family cottage can be lowered. Here...
Capital gains tax when renting out your former principal residence
There may be tax implications to renting out your home after moving out of it. There are also some...
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Using whole life insurance for tax-free income in retirement
Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...
How the $10-a-day child care program can affect your taxes
The new subsidized child-care spaces are indeed a bargain, but they come with reduced tax benefits. Here’s how to...
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.
Tax deductible expenses when selling a cottage in Canada
Minimize capital gains taxes on the sale of a cottage in Canada by making smart reno choices.
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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.