Jamie Golombek: Not all taxes are indexed, creating distortions that magnify the effects of rising prices, C.D. Howe report says Published Aug 10, 2023 • Last updated 13 hours ago • 5 minute read Most (but not all) income tax and benefit amounts are indexed to inflation. Photo by Getty Images/iStockphoto Inflation has been on the… Continue reading Tax system not built to keep up with inflation — and it’s hurting some Canadians more than others
Generational wealth 101: How to ensure your legacy
Watch: Capco Canada’s Gary Teelucksingh discusses strategies for transferring wealth Published Aug 07, 2023 • Last updated 13 hours ago • < 1 minute read It's important to have a plan in place to transfer generational wealth. Photo by JIM WELLS/CALGARY SUN/QMI AGENCY FILES Gary Teelucksingh, partner and chief executive of Capco Canada, talks with Financial… Continue reading Generational wealth 101: How to ensure your legacy
Making the most of your money: FP’s top personal finance videos
FP Video has the answers to your questions about personal finance Published Aug 06, 2023 • Last updated 1 day ago • 1 minute read FP Video can answer your questions on personal finance. Photo by Getty Images From saving money while you travel this summer to planning your legacy, FP Video has the answers to… Continue reading Making the most of your money: FP’s top personal finance videos
FP Answers: What happens if someone does not follow the terms of a will or trust?
If you can’t prove any misconduct, you could be responsible for all related legal costs Published Aug 04, 2023 • Last updated 17 hours ago • 2 minute read Courts can punish trustees who breach their duties, but every estate is different and executors/trustees communicate differently with beneficiaries. Photo by Getty Images/iStockphoto By Julie Cazzin with… Continue reading FP Answers: What happens if someone does not follow the terms of a will or trust?
What high-profile couples like the Trudeaus need to know about handling a divorce
Ensuring children’s privacy, protecting financial details and keeping sensitive personal issues out of public eye top of mind Published Aug 03, 2023 • Last updated 8 hours ago • 4 minute read Sophie Gregoire Trudeau and Prime Minister Justin Trudeau at Queen Elizabeth II’s funeral in 2022. The Trudeaus have announced they are separating after 18… Continue reading What high-profile couples like the Trudeaus need to know about handling a divorce
The CRA has clarified the rules for its new home renovation tax credit: What you need to know
Jamie Golombek: Main home and secondary unit for a relative can be built at same time and still qualify for $7,500 credit Published Aug 03, 2023 • Last updated 1 day ago • 4 minute read A qualifying renovation for the MHRTC is one that creates a secondary unit in your home that will be occupied… Continue reading The CRA has clarified the rules for its new home renovation tax credit: What you need to know
How to afford some summer fun when money is tight
Resist the temptation to focus on what you can’t do. Instead, work on plans that are possible Published Jul 28, 2023 • Last updated 1 week ago • 4 minute read If you’re dreading a forced staycation because travel expenses aren’t in your budget, start planning your staycation as if you were going away. Photo by… Continue reading How to afford some summer fun when money is tight
CRA wins one, loses one as government pursues pandemic benefits it deems questionable
Jamie Golombek: Two new cases provide glimpse into types of claims being reviewed and, consequently, denied Published Jul 27, 2023 • Last updated Jul 27, 2023 • 4 minute read A COVID-19 benefit cheque in 2020. The government continues to try to claw back payments from Canadians whom it determines were ineligible. Photo by Peter J.… Continue reading CRA wins one, loses one as government pursues pandemic benefits it deems questionable
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