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Making sense of the markets this week: October 15, 2023 + MORE Oct 13th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Aug 5th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Stocks rise as techs recover, Dow set for 10th win: Stock market news today - Yahoo Canada Finance Jul 21st
Stocks rise as techs recover, Dow set for 10th win: Stock market news today Yahoo Canada FinanceMarkets Today: Stocks Climb Before Nasdaq 100 Rebalance BarchartDow's winning streak, tech earnings, American Express: 3 Things to know July 21, 2023 Yahoo FinanceStock ma.... More »
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more + MORE May 1st
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
Making sense of the markets this week: September 17, 2023 + MORE Sep 15th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
U.S. inflation battle: Mission not accomplished
Despite increasing interest rates and hawkish talk from the U.S. F.... More »
Should you buy real estate through a corporation?
– moneysense.ca
One of the main tax benefits of Canadian real estate is the ability to claim an unlimited principal residence exemption on the property value appreciation. One exception may be if the land is more than half a hectare (1.24 acres), unless the minimum municipal lot size at the time you purchased the property was more than that or you can demonstrate the need for the larger lot size to use and enjoy your home.
Another exception is if a property is owned by a corporation. A corporation is a company that is incorporated and owned by shareholders. It is a common way to do business in Canada, and it is a separate legal entity from the shareholders. Corporations file their own tax returns.
Can a corporation buy a house in Canada?
A corporation can be used to buy your home or a secondary property, such as a vacation property, but there are drawbacks. For one, you must personally pay the corporation fair market rent each year for the property or include the equivalent amount as a taxable benefit on a T4 slip to be reported on your personal tax return as income…
