The federal government recently issued new rules for the Principal Residence Exemption (PRE), which allows for exemption from tax on capital gains if you are selling your primary residence.
The Ontario Disability Support Program (ODSP) can be a great help to parents of children with disabilities. However, payments from the program end when your child reaches age 65. Additionally, your child's receiving an inheritance can result in the loss of ODSP benefits.
If you own a family cottage, it is undoubtedly a place of comfort and good memories. However, the cottage can also become a point of contention among family members if the proper planning isn't done.
While for many people family is the most important thing in life, it can be difficult sometimes to idealize family dynamics. Every family is different, and when life is shaken by the loss of a loved one, sometimes family members experience bitter conflict for a number of reasons.
There are numerous types of investments that can bolster one's retirement portfolio, but for many people, their largest investment is in their home. For some homeowners, it may make sense to cash in on the principle residence and add the proceeds to the retirement nest egg.
As a parent or grandparent, you may be wondering about the surest and most efficient way to pay for your kids' or grandkids' postsecondary education. Given the significant cost, these matters require planning.
After a divorce or other major life event, updating your estate plan is essential. That means updating your will along with any other plan that names a beneficiary. Such plans include work pensions, RRSPs and insurance policies.
Here is a matter that is often overlooked in estate planning: consideration of the family pet.
It's an issue that we occasionally revisit because of its increasing importance in modern estate planning. We're talking about planning your digital legacy.
A recent survey of more than 1,000 adults sheds some light on just how reluctant Canadians can be to talk about money -- even with their significant others.