Also, taxes are not just for the living. When a person passes away, there are several tax returns to know about. And tax returns can be a complicated process on the best of days....
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FHSA in Canada: Qualified investments and limitations Bill C-32, which included certain provisions of the 2022 federal budget, was passed into law on December 15, 2022. The bill included the introduction of the tax-free...
You will receive a T5, T3, or T5013 slip for the annual dividends and interest earned, regardless of whether you withdraw from the account. As a result, I am not sure that withdrawing from...
4. The markets’ response: down and up As it became clear the central banks were committed to slowing the economy with rate hikes, the markets started their descent. We hit the bottom towards the...
As you might expect, volatile asset classes like emerging markets (EM, which is measured by the MSCI Emerging Markets index) tend to generate both outsized gains and outsized losses. EM topped the chart in...
Named beneficiaries vs the estate—which is better? Thanks for writing in, Catherine. A common thing we think about when doing our estate plan is how to make transferring our assets and money to friends...
Most of your money will be tied up in your home. Is your plan to leave that money to your children? If not, when would you want to access that money and how? When...
Collecting CPP and OAS while working in your 60s You can begin your Canada Pension Plan (CPP) pension as early as age 60 or as late as age 70, Simon. At age 65, you...
Also, if I co-own this house with a colleague (not spouse/partner), is it automatically assumed to be “joint tenancy” or is it assumed to be “tenants in common” if it is not specified (i.e....