How Do You Know if You are CRA’s Favourite Target?

CRA's favourite target

No one wants to be in CRA’s cross-hairs.  You may be an unsuspecting victim even if you’ve done nothing wrong.  We’re not talking about people who are guilty of tax evasion or tax avoidance.  Your only criteria may be your marital status.  If you are single, divorced or widowed, then you may be CRA’s favourite and unsuspecting victim.  If you … Read More

No One Wakes Up and Suddenly Decides to Become Charitable One Day

become charitable

In the past, I would never describe myself as being particularly charitable. It’s not that I wasn’t compassionate or I was completely selfish, but to be honest, I didn’t think that anything I contributed towards charity would make a meaningful difference. I wasn’t able to write a significant cheque. The other reason, there wasn’t a particular cause that I was … Read More

How Does Tremendous Purpose Come From the Darkest Tragedy?

tremendous purpose

Does the hurting ever stop? I don’t know because I’m not even close to being there yet.  A big part of me wants the pain to go away but not at the cost of the memories.  The memories are what I cherish, what I hold onto when I want to feel close to Madeline. This is what I felt 2 … Read More

How a Cottage and Investment Properties can be a Nightmare for Families?

cottage capital gains

Estate Planning Tips for Real Estate Investors For many Canadians, the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence, however, investment in recreational and real estate investment property also forms a substantial part of some estates. Due to the nature of real estate, it is important to … Read More

6 Reasons Why It Might be Time For a Life Insurance Audit?

insurance audit

A Life Insurance Audit Will Ensure Your Needs Haven’t Changed. Has it been a while since you last looked at your insurance portfolio?  Have you had a life insurance audit since you set up your policies? Are you a little vague in your recollection of all the coverage you have and why you have it? Are you uncertain as to … Read More

Does your Business Qualify for the Small Business Capital Gains Exemption?

Small Business Capital Gains

Selling Your Business Doesn’t Mean You Qualify for the Small Business Capital Gains Exemption As a business owner, you may be aware that when you dispose of shares in your business, you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which … Read More