Most Canadians assume that leaving a tax-free savings account (TFSA) to a spouse is one of the simplest estate-planning choices they can make. However, when the surviving spouse is a U.S. citizen, green card holder, or otherwise subject to U.S. tax filing rules, receiving a TFSA can create years of complex Internal Revenue Service (IRS) … Read more

When a business earns $30,000 or more in revenue in four consecutive calendar quarters, it must register to collect the goods and services tax (GST). Businesses can also choose to register voluntarily before reaching this threshold. This rule applies to both sole proprietors and corporations. Once registered, a business must track the GST it collects … Read more

Ask a Planner I attended a financial planning seminar and the presenter said you’re taxed so high on RRSPs when you die that your kids are only going to get half of it, which I already kind of knew. So, if you put it into these segregated funds, then you don’t pay tax. Should I … Read more

The April 28, 2026 Spring Economic Update brought welcome changes to the Disability Tax Credit (DTC) process that should help people with serious health challenges and the professionals who support them. Long plagued by administrative delays at the Canada Revenue Agency, the DTC is being simplified so eligible Canadians can access tax relief and related … Read more

If you’re struggling to make ends meet, you’re far from alone. The Office of the Superintendent of Bankruptcy reports that insolvency filings in Canada have reached their highest level since 2009, reflecting the lasting pressure of rising costs and mounting household debt. As everyday expenses increase, more Canadians are finding themselves weighed down by obligations … Read more

For many young Canadians, building lasting wealth can feel like running on a treadmill that keeps speeding up. Rent and groceries take bigger slices of each paycheque, and saving or investing often gets pushed to “later.” But delaying is one of the most costly mistakes you can make. While the economy changes, the core principles … Read more

Here’s a round-up of news for Canadian investors this week. BMO National Bank Scotiabank CIBC TD Bank RBC Featured RRSP Accounts featured EQ Bank Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 2.75% in your RRSP when you lock in for … Read more

Clearing clutter, touching up paint and staging rooms so your home looks its best are familiar tasks for anyone preparing to sell. Those jobs grow more complicated when you plan to sell on your own to save on Realtor commissions. Selling without an agent can cut some costs, but it also adds responsibilities and exposes … Read more

Investing regularly is one of the most reliable ways to build wealth over time. For people with steady paycheques, it’s often straightforward to automate contributions and stay on course. But for gig workers, freelancers and commission-based salespeople, irregular income can make steady investing feel out of reach. The challenge is less about choosing investments than … Read more

If you are a newer investor using one of Canada’s commission-free brokerages—like Wealthsimple—you may have been confused the first time you searched for a major U.S. stock. For example, a search for Microsoft (MSFT) can show the NASDAQ-listed share (trading around US$416 per share as of May 8, 2026) and multiple Canadian alternatives such as … Read more