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