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Rental Properties – Everything You Always Wanted to Know, but Were Afraid to Ask
In August 2011, Mark posted a blog titled “The Income Tax implications of Purchasing a Rental Property”.
Implications of the Recent CMHC Insurance Changes
Canada Mortgage and Housing Corporation (CMHC) is a Crown Corporation which administers the National Housing Act and provides mortgage insurance for high ratio mortgages.
2014 Federal Budget Highlights
This special issue is designed to highlight the budget changes that will have the greatest impact on our clients.
Book Review: Stop Over-Thinking Your Money!
I’ll admit it, when I picked up a copy of Preet Banerjee’s new book, Stop Over-Thinking Your Money, The Five Simple Rules of Financial Success, I immediately flipped to chapter seven.
Can an executor charge a fee? How much and who pays?
Yes. The executor has the right to charge a fee or “compensation” for managing an estate.
Failure to report a T slip might cost 20%
Believe it or not you can be charged a 20% penalty for missing information that the CRA already has on hand.
Executor responsibilities are a handful
Being appointed executor of a loved one’s Will is an expression of the ultimate trust that person places in you.
Small business tax deductions and how to track them
Whether incorporated or a home based sole proprietor, business owners can deduct many operating expenses from their income.
Don’t make these common estate planning mistakes!
How can getting married be an estate planning mistake? Well, in most Canadian Provinces, marriage automatically revokes a will made prior to the marriage unless the will clearly states that it was created in contemplation of marriage (to the person you ultimately marry!).
