Update on bare trust tax filing rules for 2024 and beyond
Bare trust reporting requirements have gone through a few different iterations in recent years. Here’s where things stand for...
taxes
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...
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...
The benefits and flexibility of family RESPs
Saving for the post-secondary education of more than one child? Grants and growth can be allocated amongst any beneficiaries...
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How do the RRSP contribution carry-forward rules work?
What are the rules about RRSP carry forwards? Should you ever defer deducting a contribution?
Using whole life insurance for tax-free income in retirement
Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...
“We’re set for life. Should we cash out an RRSP?”
The cost/benefit analysis of liquidating an RRSP can get complex fast. What matters more are your priorities.
Single, no pension? Here’s how to plan for retirement in Canada
There are financial and logistical challenges to being single in retirement. Here are some tips to tackle them, especially...
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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...