The article “Are mutual fund fees tax deductible?” was originally published in MoneySense on April 24, 2023. Photo by Centre for Ageing Better from Unsplash. Don’t go claiming a deduction for mutual fund fees on your tax return. Why? Because they’ve...
The article “Can you save tax by moving into your rental property?” was originally published in MoneySense on April 18, 2023. Photo by Ketut Subiyanto from Pexels. Moving into a co-owned property has capital gains tax implications, but there are other...
The article “What is considered day trading in a TFSA” was originally published in MoneySense on April 17, 2023. Photo by AlphaTradeZone from Pexels. The recent Ahamed v. The King decision by the Tax Court of Canada highlights risks for investors who trade...
The article “Selling stocks at a loss in a TFSA: What it means for your contribution room” was originally published in MoneySense on April 10, 2023. Photo by Ketut Subiyanto from Pexels. Before holding speculative stocks in a TFSA, consider what reporting...
The article “Ottawa is offering a 25-year, high-interest GIC: It’s called the Canada Pension Plan” was originally published in Financial Post on April 7, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. Decision on when to apply for CPP becomes clearer when...
The article “What are the pros and cons when borrowing money to invest?” was originally published in Financial Post on April 6, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. You need a high risk tolerance, low investment fees and a long time horizon to make it...
The article “Canada’s Budget 2023: What it means for you and your family” was originally published in MoneySense on March 31, 2023. Photo by Nabil Saleh from Unsplash. The federal government’s 2023 budget proposes a national dental care plan, a grocery...
The article “Can Lucas and Shelby afford to give $100,000 to each of their kids for a first house?” was originally published on the Globe and Mail on March 28th 2023 by Dianne Maley. Lucas and Shelby are both teachers, earning a combined $210,750 a year....
The article “For Canadians living abroad, is it worth investing in foreign ETFs?” was originally published in MoneySense on March 27, 2023 .Photo by Lukas Hartmann from Pexels. Canadians with extra savings overseas may wish to invest in foreign ETFs....
The article “Are your deposits at Canadian financial institutions safe?” was originally published in MoneySense on March 20, 2023 . Photo by Mizuno K from Pexels. The failure of Silicon Valley Bank has highlighted risks in the U.S. banking system. Should...
The article “Can you use the Home Buyers’ Plan to buy a foreign property?” was originally published in MoneySense on March 13, 2023 . Photo by Ryutaro Tsukata from Pexels. Find out if you can use the RRSP home-buying program to purchase foreign property...
The article “How do I determine when to claim my rental condo repairs as an expense?” was originally published in Financial Post on March 10, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. No general rule, but there are several factors to consider when timing a...