Canada Mortgage and Housing Corporation (CMHC) is a Crown Corporation which administers the National Housing Act and provides mortgage insurance for high ratio mortgages.
This special issue is designed to highlight the budget changes that will have the greatest impact on our clients.
I’ll admit it, when I picked up a copy of Preet Banerjee’s new book, Stop Over-Thinking Your Money, The Five Simple Rules of Financial Success, I immediately flipped to chapter seven.
Yes. The executor has the right to charge a fee or “compensation” for managing an estate.
Believe it or not you can be charged a 20% penalty for missing information that the CRA already has on hand.
Being appointed executor of a loved one’s Will is an expression of the ultimate trust that person places in you.
Whether incorporated or a home based sole proprietor, business owners can deduct many operating expenses from their income.
How can getting married be an estate planning mistake? Well, in most Canadian Provinces, marriage automatically revokes a will made prior to the marriage unless the will clearly states that it was created in contemplation of marriage (to the person you ultimately marry!).
Those who have agreed to act as a Power of Attorney for property may be subject to additional reporting requirements in the future.