Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
Estate Planning
A parents’ guide to home down payment gifts and loans
Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...
Yes, a cottage is an investment property—here’s how to minimize capital gains tax
Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...
Why these authors want you to spend your money and die with $0 saved
According to the book Die with Zero, we should all run out of money just as we run out...
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When and how to transfer an RESP for grandchildren
Grandparents, relatives and even family friends can open an RESP account. What should they consider from an estate planning...
Cross-border estate planning: What should Canadian parents with U.S. beneficiaries do?
The transfer of Canadian estates to U.S. beneficiaries comes with various legal, tax and financial implications. Learn about the...
You have to sell a cemetery plot—will you owe capital gains tax?
Cemetery plots in some big Canadian cities can be worth $50,000 or more. Their sale or deemed disposition may...
How executors get paid in Canada
Understanding the tax implications, benefits and pitfalls of executor compensation.
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How much is capital gains tax in Canada?—and other reader questions answered
Last month’s federal budget introduced changes to capital gains tax in Canada. This has raised many questions about who...