Finance
Year-end tax and financial planning considerations – MoneySense
[ad_1] RESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can…
Tag: Capital Loss
Finance
Capital gains tax when renting out your former principal residence – MoneySense
[ad_1] According to the Canada Revenue Agency (CRA): “To make this election, attach a letter signed by you to your income tax and benefit…
Finance
Tax deductible expenses when selling a cottage
[ad_1] There are a number of expenses that can be claimed to reduce the capital gain on your cottage, Louise. Capital expenses are an…
Finance
You have to sell a cemetery plot—will you owe capital gains tax? – MoneySense
[ad_1] Many non-financial assets depreciate in value. Cars, furniture and other such assets tend to be worth less over time, and they are generally…
Finance
How to carry back a capital loss for a tax refund – MoneySense
[ad_1] It sounds like you are aware that you can carry back capital losses, Ramesh. If you have a net capital loss on your…
Finance
What should Canadian investors do: Sell or hold with preferred share losses? – MoneySense
[ad_1] 1. Rate reset preferred shares These became popular following the financial crisis in 2008/2009 to entice investors to buy preferred shares despite low…
Finance
The tax implications of buying a second home in Canada – MoneySense
[ad_1] Primary residences vs. secondary properties The tax treatment of real estate in Canada depends on its use. The home you live in—your primary…