Unlikely - never heard of that being possible. Even if it were, payment was made in one year and the discovery of the mess of taxation from CRA was in a different tax year. Would still have had to...
Liked On: Fri, Mar 21st, 2025, 01:47 PM
There are some rather unpleasant surprises in store that CRA does not bother to tell you. I was an executor for my Mom. The sheer stupidity of this one fact still makes my blood boil..... As...
Liked On: Sun, Mar 9th, 2025, 07:24 PM
There are some rather unpleasant surprises in store that CRA does not bother to tell you. I was an executor for my Mom. The sheer stupidity of this one fact still makes my blood boil..... As...
Liked On: Sat, Mar 8th, 2025, 06:10 PM
I don't know where you live, but in Ontario probate fees are based on value of the estate. Period. ...
Liked On: Sun, Apr 21st, 2024, 10:26 PM
To get right to the point, it is a great deal. It is entirely unlike RRSP or TFSA in that you get BOTH a deduction for the contribution AND tax-free withdrawals (if used toward a house purchase)....
Liked On: Sat, Oct 21st, 2023, 12:49 AM
An example ETF can be found at this link: https://finance.yahoo.com/chart/PSA.TO.
Liked On: Fri, Oct 20th, 2023, 09:48 PM
To get right to the point, it is a great deal. It is entirely unlike RRSP or TFSA in that you get BOTH a deduction for the contribution AND tax-free withdrawals (if used toward a house purchase)....
Liked On: Fri, Oct 20th, 2023, 09:48 PM
To get right to the point, it is a great deal. It is entirely unlike RRSP or TFSA in that you get BOTH a deduction for the contribution AND tax-free withdrawals (if used toward a house purchase)....
Liked On: Fri, Oct 20th, 2023, 10:10 AM
Just a couple of points: 1) If you withdraw money from your TFSA, this does not get claimed on your income tax. There is no deduction at time of contribution, so no claiming when you withdraw....
Liked On: Tue, Jan 24th, 2023, 10:13 PM
30 day rule does not even come into play in registered accounts. Just for background, the 30 day rule deals with "superficial losses", that is losses that one could argue are not real losses. Say...
Liked On: Tue, Jan 10th, 2023, 10:11 AM
30 day rule does not even come into play in registered accounts. Just for background, the 30 day rule deals with "superficial losses", that is losses that one could argue are not real losses. Say...
Liked On: Thu, Jan 5th, 2023, 05:44 PM
Unfortunately, Bill C-30 is an ultimately misguided attempt based on very shallow thinking at the federal level. Inflation occurs when the government produces more money at a rate that is larger...
Liked On: Tue, Nov 8th, 2022, 04:02 PM
Unfortunately, Bill C-30 is an ultimately misguided attempt based on very shallow thinking at the federal level. Inflation occurs when the government produces more money at a rate that is larger...
Liked On: Wed, Oct 19th, 2022, 09:14 AM
Unfortunately, Bill C-30 is an ultimately misguided attempt based on very shallow thinking at the federal level. Inflation occurs when the government produces more money at a rate that is larger...
Liked On: Thu, Oct 13th, 2022, 07:49 PM
No fixed answer, but I would tend to think of this mathematically... Not just for this money, but whenever a chunk of cash comes your way. Ask yourself what gives you the biggest bang for the...
Liked On: Wed, Aug 10th, 2022, 06:12 AM
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