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RRIF withdrawals: What should seniors with million-dollar portfolios do?

Seniors with large retirement accounts face a big tax-deferred liability. Which tax and estate planning strategies might help?

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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...

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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...

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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...

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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,...

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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...

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Can you save tax by moving into your rental property?

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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....