Tag: tax planning

If you are reading this, chances are you already own at least one rental property. You picked real estate for a reason and understand how leverage works. You watched your equity climb while your tenant paid down your mortgage. So why am...

Let me start with the truth most parents don’t want to hear.  If you invest in Canada and you make money, at some point someone has to pay the tax.  If you don’t pay it today, your kids who inherit your property will pay it later. That is...

Most people assume tax is tax. Money comes in, you hand some of it over to the government, and that is the end of the story.  But what if I told you there is an account inside your corporation that lets you...

I recently sat down with a client I’ll call Sandra.  Sandra is 58 years old. She earns $130,000 a year as a vice-principal in Mississauga and has saved consistently her whole career. She bought a rental property at the right time, plans to retire...

Ontario dropped its 2026 budget today.  There is a lot in it. Most of it will not affect you.  But some of it will. And I want to make sure you know exactly what changed, what it means for your money,...

Most Canadians know why they should contribute to an RRSP.  You get a tax deduction today. Your investments grow inside the plan without being taxed each year. You defer the tax until later, hopefully when your income is lower.  It...

Most incorporated business owners hit a moment where they realize something uncomfortable.  The money is there. The corporation has been profitable for years. Retained earnings have built up. But every time they try to take money out, the tax bill is enormous. So the...

More Than Half of Canadians Have No Will. Here Is What Actually Happens to Your Money When You Die. I want to start with two numbers. 53%. And 42%. A 2024 survey by Narrative Research found that 53% of Canadians...

Most Canadians hear one thing about probate:  “Try to avoid it.”  But very few people understand what probate actually is, how it differs by province, what it truly costs, and whether avoiding it even makes financial sense.  In reality, probate is not...

Most people don’t realize that the CRA treats death like a sale.  You could own a rental property for 30 years, never sell it, never refinance it, and never take money out… and still owe hundreds of thousands in tax the moment...