Reducing capital gains on a cottage Jul 31st

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
 financial consultant

Canada’s economy news: Are we growing enough? + MORE Oct 31st

The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of 1% in the third quarter. Statistics Canada’s gross domestic product report Thursday says growth in services-producin.... More »
 financial advisor

The crypto markets’ response to the U.S. election results + MORE Nov 6th

The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. How did bitcoin investors respond to the presidential election? Bitcoin jumped nearly 8% in early trading, cl.... More »

Sales up, prices down in GTA housing market Oct 6th

Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs. The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from Se.... More »
 wealth

Hyundai Ioniq 6 Preferred Long-Range AWD: The best affordable EV in Canada for long-range driving for 2024 + MORE Mar 1st

Last year, we told you that the 2024 Hyundai Ioniq 6 was our top pick for affordable access to long-distance cruising range, specifically with the 2024 Hyundai Ioniq 6 Preferred Long-Range version delivering maximum return on the investment of shoppers counting “range for the buck” as a key purc.... More »

Trump plan to cap credit card costs hits bank shares - BBC Jan 12th

Trump plan to cap credit card costs hits bank shares  BBCWhy Synchrony Financial (SYF) Shares Are Plunging Today  The Globe and MailWall Street ticks to records after shaking off worries about Trump’s feud with the Fed  BNN BloombergTrump’s credit card plan revives .... More »
Reducing capital gains on a cottageGot questions about capital gains tax and cottages? Here are three MoneySense reader questions answered by Certified Financial Planner Jason Heath.

Capital gains and cottages questions

How naming beneficiaries can affect taxes and probate

Using renovations to lower capital gains tax

Reducing capital gains on the sale of a cottage

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

Tax, probate, and underused housing tax for your family cottage

Planning to leave the family cottage to your kids in your will? Here’s how to minimize capital gains tax as part of your estate planning.

Ask MoneySense
My father-in-law was convinced by his local accountant that the family cabin would not be taxed upon his and his wife’s deaths, because he had put all three of his children’s names on the ownership title…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!