Expert insights and detailed technical documentation about Global Affairs.
In the Find window, type RRSP profile. Select it from the list and then select Go. Select the checkbox for Have unused RRSP/PRPP contributions or unused S...
If she deeded the house to you in 2010, then it was considered a gift to you in 2010. Your basis in the home would be the price she paid for the house, pl...
How to upload a downloadable file to your website Log into your Dashboard and go to Editor. Go to the page where you want to add the file to be downloaded...
Had Mom distributed her property to Daughter through a will or living trust, Daughter would have owed $0 (zip, zero, zilch) in capital gains taxes. Why do...
How long am I financially responsible for the family member or relative I sponsor? Person you sponsor Length of undertaking for all provinces except Quebe...
Taxable Mergers When companies merge, they pay taxes on the value of the capital, stock or assets acquired during the process of a merger, not on the merg...
In the top tenth of the household income distribution, 7.5 per cent of individuals own a second home and 13.6 per cent own a buy-to-let. However, the gene...
1. What is the principal residence exemption? The principal residence exemption is an income tax benefit that generally provides you an exemption from tax...
Reading the Ticker Tape The unique characters used to identify the company. The price per share for the particular trade (the last bid price). Shows wheth...
However, there is no time limit in respect of making a financial claim from one ex-spouse to another, even after the final order of the divorce (decree ab...
Line 2 has two parts, one for tax-exempt interest (mainly municipal bonds) and one for taxable interest. Taxable interest includes income from a 1099-INT ...
Because money placed in an UGMA/UTMA account is owned by the child, earnings are generally taxed at the child’s—usually lower—tax rate, rather than the pa...
