You may have heard about the Underused Housing Tax, an annual 1% tax on owners of vacant or underused residential property in Canada. While the tax mostly applies to non-residents of Canada, there are situations where it could apply to Canadian owners as well. How do you know if you may be affected? Georgia Swan, Tax and Estate Planner, TD Wealth, joins Kim Parlee to answer that question.
Have you been asked to be an executor? The role involves settling a person’s estate after they pass. It can be very challenging if not overwhelming. Greg Bonnell speaks with Georgia Swan, Tax and Estate Planner, TD Wealth, about what’s involved and what to consider before you say “yes.”
If you’re gearing up to retire in the next few years, you might start thinking about your various income sources. Converting your Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RRIF) is just one part of the retirement planning puzzle. Georgia Swan, Tax and Estate Planner with TD Wealth, speaks with Greg Bonnell about what to consider when drawing down your RRIF.
As interest rates rise, the opportunity to achieve tax savings via a family loan strategy is narrowing. Would a prescribed rate loan strategy still be worthwhile as the prescribed rate rises to 3% on October 1st? Georgia Swan, Tax and Estate Planner, TD Wealth weighs in.
