The principal residence exemption allows you to exempt from taxation some or all of the capital gains that you realize when you sell a home that qualifies as a “principal residence” – a potentially significant tax savings.
Like most Canadians, you probably bought that terrific vacation property as much for your family as for yourself – but keeping it in the family could be another story entirely.
When it comes to making important decisions, everyone likes to have options.
With interest rates so low, you may be thinking of taking the big step into home ownership, ‘moving up’ or even refinancing your existing home.
Are you living in a common-law relationship? Do you know what that means from a tax and legal perspective?
If you’re like many Canadians, you’re already investing outside your Registered Retirement Savings Plan (RRSP) and your Tax-Free Savings Account (TFSA).
As an entrepreneur, dealing with the day to day operation of your business, not to mention trying to plan for the future, consumes a lot of your time.
When winter winds finally give way to warmer breezes, you know that a new season is once again upon you – tax season.
Your Business couldn’t be better – and then it happens: a co-owner suddenly becomes disabled or dies.
When stock market returns accelerate, it is only normal that most investors want to be involved in what could be the next big bull market that will quickly put them on the road to riches.