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....
Capital Gains
Selling stocks at a loss in a TFSA: What it means for your contribution room
Before holding speculative stocks in a TFSA, consider what reporting a capital loss means for your contribution room going...
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...
Should you withdraw from non-registered or TFSA investments in retirement?
When starting to draw down your investments in retirement, should you sell your non-registered or TFSA stocks, or both?
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A strategy for non-registered and TFSA accounts in retirement
Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to fund retirement?
The tax implications of working abroad for residents and non-residents of Canada
What taxes do you owe when working in another country if you’re a resident of Canada or have significant...
When does the “plus 1” rule apply to a principal residence?
There are tax implications to inheriting a second property. But in certain circumstances, you can have two principal residences...
How capital gains tax on property is divided in a divorce
When a couple separates, how does owning, transferring and dividing multiple properties affect capital gains?
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Co-ownership: Are there any tax implications if you sell part of your house to a relative?
A finance expert addresses capital gains taxes, possible tax credits, and other factors related to co-ownership of a home.