The article “How much is capital gains tax in Canada?—and other reader questions answered” was originally published in MoneySense on May 6, 2024. Photo by designer491 from Getty Images. Last month’s federal budget introduced changes to capital gains tax in...
The article “Should you max out your RRSP before converting it to a RRIF?” was originally published in MoneySense on April 29, 2024. Photo by designer491 from Getty Images. Here’s what to consider before converting an RRSP to a RRIF. Ask MoneySense My...
The article “Should I delay my CPP if I’m not contributing to it?” was originally published in MoneySense on April 22, 2024. Photo by TonyIaniro from Getty Images. You can still benefit from deferring Canada Pension Plan payments with less than maximum contributions....
The article “Are home renovations tax deductible in Canada?” was originally published in MoneySense on September 12, 2023, REPOSTED April 12, 2024. Photo by nortonrsx from Getty Images. Doing home renovations? Find out if there are any tax incentives that...
The article “How to change a past tax return” was originally published in MoneySense on April 8, 2024. Photo by Mohamad Faizal Bin Ramli from Getty Images. You can amend previous tax returns to include new information, such as investment management fees...
The article “Should you buy life insurance to pay for tax owed upon death?” was originally published in MoneySense on April 1, 2024. Photo by charliepix from charliepix. When you die, capital gains tax might apply to some of your assets. Can life insurance...
The article “Should you claim your common-law partner on your taxes?” was originally published in MoneySense on March 25, 2024. Photo by by Mikhail Nilov from Pexels. Changing your status to common-law has an impact on your tax return and government...
The article “Planning for retirement with little or no savings to draw on” was originally published in MoneySense on October 26, 2022, reposted March 20, 2024. Photo by by RomoloTavani from Getty Images. Financial planning advice is often catered to wealthier...
The article “RRIF and LIF withdrawal rates: Everything you need to know” was originally published in MoneySense on March 6, 2024. Photo by by fizkes from Getty Images. Most registered retirement savings plans are eventually converted to registered...
The article “How to qualify for EI benefits in retirement in Canada” was originally published in MoneySense on February 19, 2024. Photo by designer491 from Getty Images Just because you paid loads into a program doesn’t mean you’ll get EI...
The article “Should you use home equity to buy a house for your kids?” was originally published in MoneySense on October 6, 2023. Photo by najkhetsamtip. Some parents want to help their kids move out by borrowing against their home. Here’s how interest...
The article “How to report U.S. employment income in Canada” was originally published in MoneySense on September 25, 2023. Photo by gerenme from Getty Images Signature. Canadian citizens who work in the U.S. have to meet Canadian and U.S. tax filing...
