The article “Principal residence exemption on death and capital gains with joint tenancy” was originally published in MoneySense on March 9, 2022. Photo by Anastasia Shuraeva from Pexels. There are rules around capital gains on the sale of joint property in Canada. But how does death affect tax and probate…

The article “What happens to your TFSA when you die” was originally published in MoneySense on March 7, 2022. Photo by Pavel Danilyuk from Pexels. This is how a TFSA gets distributed in the event of a death, plus, info on making sure it is not subject to probate. I…

The article “Should you leave corporate savings in your company?” was originally published in MoneySense on March 1, 2022. Photo by Mikhail Nilov from Pexels. Chris has a lot of money saved in his corporate bank account and wants to take it out with the least amount of tax. I…

The article “Calculating expected returns on the sale of real estate” was originally published in MoneySense on February 25, 2022. Photo created by freepik – www.freepik.com. Yan is selling his home and wants to know how to price it to ensure he turns a profit. How do I calculate the…

The article “Cutting down capital gains tax on real estate sales” was originally published in MoneySense on February 23, 2022. Photo by Mart Production from Pexels. Defer RRSP contributions to mitigate taxes Is there any real estate investment I could invest my capital gains in, without being robbed of paying…

The article “Corporate investments for retirees” was originally published in MoneySense on February 15, 2022. Photo by Andrea Piacquadio from Pexels. Retired with cash and investments in a corporation, and wondering how to withdraw with minimal tax implications? I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP…

The article “How to find a lost life insurance policy” was originally published in MoneySense on February 8, 2022. Photo by Sofia Alejandra from Pexels. A death in the family is always stressful, but money can make it more so. Here’s expert advice for rights to a lost life insurance…

The article “The process of unlocking a LIRA account in Canada” was originally published in MoneySense on February 1, 2022. Photo by cottonbro from Pexels. What can you do? What can’t you do? Let’s clarify some conflicting online information about locked-in retirement accounts. Thank you for “How to get money out…

The article “Do you pay capital gains tax when separating or divorcing?” was originally published in MoneySense on January 24, 2022. Photo by Ketut Subiyanto from Pexels. Concerned about the potential capital gains tax implications of a principal residence after a relationship breakdown? I just read your article on paying capital…

The article “How do the RRSP contribution carry forward rules work?” was originally published in MoneySense on January 17, 2022. Photo by SHVETS production from Pexels. What are the rules about RRSP carry forwards? Should you ever contribute the full amount? If I have $25,000 contribution room left in my…

The article “Should you apply for OAS even if you have a high income?” was originally published in MoneySense on January 13, 2022. Photo by Mart Production on Pexels. If you are a high-income senior whose Old Age Security would be fully clawed back, find out if you should still…

The article “Principal residence exemption: Would a senior get a tax credit for selling their house if they move out?” was originally published in MoneySense on January 5, 2022. Sometimes, seniors must move out of their home. What are the tax implications of selling the home? Does principal residence exemption…