New research from Canada Life1 reveals a widespread lack of awareness about where important family documents and financial ...
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Isabella and Lorenzo are siblings who have faced financial difficulties throughout adulthood. Both are in their 30s — Isabella’s a divorced mom of three, Lorenzo’s a married father of two — and ...
We asked a financial planner about the tax implications of inheriting 150 acres of farmland in the Alberta foothills ...
Motherlands are castles made of glass. In order to leave them, you have to break something — a wall, a social convention, a cultural norm, a psychological barrier, a heart. What you have broken will ...
In our weekly series, readers can email in with any financial dilemma and enter the Money Moral Maze. Are your friends racking up big drinks tabs and then trying to split the bill equally; is your ...
The number of investigations into underpaid Inheritance Tax (IHT) rose from 3,793 to 3,977 over the course of last year*, netting HM Revenue & Customs an ...
Rebecca Rosenberg has 10+ years of experience as a writer and content strategist. She has written dozens of articles on retirement, financial planning, business, tech, and more. Rebecca has a master’s ...
In an increasingly complex world, the Financial Post should be the first place you look for answers. Our FP Answers initiative puts readers in the driver’s seat: you submit questions and our reporters ...
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Do I have to pay taxes on my inheritance?
(NewsNation) – Americans do not have to pay taxes on their inheritance — in most states. Five states, however, enforce taxes on inheritance: Pennsylvania, New Jersey, Nebraska, Maryland and Kentucky.
If we gift my house to our daughter and continue to live in it, I understand we would have to pay full market rent. If we survive for seven years after the gift has been made, does our daughter take ...
The death of a parent is a difficult time, bringing out strong emotions and highlighting any family conflict. Add to that the distribution of assets, and there’s the strong potential for family strife ...
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