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What you need to know about claiming the principal residence exemption on the sale...
Under the Income Tax Act, in order for a property to qualify as your principal residence for a particular tax year, four criteria must...
With $1.9 million net worth, couple has the means to hit $10,000-a-month retirement income...
Situation: Professionals with pensions, rental income and modest financial assets focus on retirementSolution: Pay off loans before interest...
Couple worries they can’t afford to upgrade to a $1.3-million home, educate kids and...
A family in southern Ontario is trying to balance the high cost of living in their area with their savings goals.National Post illustration
Dog not just another asset to be divided, dissenting judge argues
Many factors should be considered when determining dog ownership, according to Justice Lois Hoegg.File
Last year, I reported a...
How to manage your money like an NHL hockey player
Stew Gavin, former NHL player and president of Gavin Hockey Wealth Specialists, advises pro hockey players on how to manage their finances.Dane Coote/The Canadian...
Unemployment, $24,000-a-year drug costs threaten to devastate this couple’s retirement plans
Drug cost assistance is vital for this couple.National Post illustration
Situation: Mid-60s couple with tight budget and poor investment...
Income splitting is a dangerous tax game if you don’t know the rules
If you don’t understand the complex rules surrounding what is and isn’t allowed in income splitting, you could find yourself facing off against the...
The CRA is cracking down on aggressive manipulation of TFSAs and all other registered...
There are several anti-avoidance rules in the Income Tax Act to prevent abuse and manipulation of all registered plans, including not only TFSAs, but...
Time to do some active planning to beat the passive income tax changes
It's best to plan ahead.File
Earlier this year, the government passed new tax legislation governing Canadian-controlled private corporations (CCPCs),...
Income declared on a tax return isn’t the last word when calculating child support
An individual’s income tax return is just the starting point when it comes to calculating the amount of support payable by one parent to...
