Gifting a parent’s assets using a power of attorney
As power of attorney, does it make sense to divide up a parent’s assets before their death?
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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...
Capital gains when selling property to family
If you sell a property to a relative for a bargain price, does that mean you pay less tax...
Principal residence exemption on death and capital gains with joint tenancy
There are rules around capital gains on the sale of joint property in Canada. But how does death affect...
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Cutting down capital gains tax on real estate sales
Defer RRSP contributions to mitigate taxes
What you need to know about your 2020 income taxes
Tax filing and payment deadlines may still be months away, but you should start planning now to avoid a...
Little-known tax deductions landlords should consider
From travel costs to collect rent, to picking up the tab for a service provider’s lunch, to the cost...
The right way to report shared investment income on a tax return
Does changing the ratio of your contributions put you at risk for a CRA audit? And what’s the best...
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Can you reduce the amount of tax withheld on RRSP withdrawals?
David is shocked by how much tax is deducted from his RRSP withdrawals, despite his low income. What are...