How is passive income taxed in Canada?
Investment income is subject to tax in Canada, including in some tax-sheltered accounts. Find out more about how passive...
capital gains tax
FHSA withdrawal rules and rental property advice for a first-time home buyer
Renting out part of your new home may help cover some costs. But would it still be considered a...
Should you use home equity to buy a house for your kids?
Some parents want to help their kids move out by borrowing against their home. Here’s how interest rates and...
A company I hold stock in was acquired or merged—do capital gains apply?
Shareholders cannot always prevent a company sale or merger from going ahead. When that happens, do you still owe...
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When your child moves into your rental property: Capital gains and how to claim principal residence exemption
When an adult child moves into their parents’ rental property, the family should be clear on a few things,...
What expenses can you deduct when renovating a rental property?
The purpose of the renovations, as well as the occupancy of the building, can influence whether the expenses are...
How to calculate the taxable amount for a cashed-in whole life insurance policy
Is a whole life insurance cash value taxable? Spoiler: Yes. But find out how to calculate the taxable amount....
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Canada’s Budget 2023: What it means for you and your family
The federal government’s 2023 budget proposes a national dental care plan, a grocery rebate, changes to registered accounts, and...