Seven of our top articles for 2021 were related to taxation or personal financial planning (Getty Images/MStudioImages)
Tax and financial planning have long been favourite topics with our readers. But, in 2021, no less than seven of our 10 most popular articles were related to those subjects in some way. (Online security came in third with three articles.)
Heading the top 10 was our story on the principal residence exemption, followed by a range of topics, from what to do when you overcontribute to an RRSP or TFSA to how to optimize your retirement savings.
In case you missed them, here are our top 10 stories for 2021.
- 4 common questions about the CRA’s principal residence exemption
Under the Principal Residence Exemption (PRE), the sale of your primary residence can be exempted from capital gains tax in most cases. But determining eligibility for the exemption can sometimes be complicated. This article looks at the questions clients might ask and how CPAs can respond.
- 4 threats to watch out for when a hacker gets your phone number
Many people have become used to sharing their phone numbers and other personal information digitally for everything from online registration forms to new account profiles. This story emphasizes the importance of preserving your online security.
- Over-contributed to your RRSP or TFSA? Here’s what to do
It’s a common problem: you’ve contributed too much to your registered plan(s), possibly because you forgot to check your contribution limits for the year. But, provided that you act quickly, you can minimize penalties and interest.
- 4 cases where it may make sense to withdraw funds from your RRSP
Common wisdom has it that you should let your funds grow within your RRSP until you retire. But in some circumstances—if you’re buying your first home or looking for a way to finance your studies, for example—it might make sense to access some of your funds early.
- Steer clear of these 5 recent scams: Here’s how
From the infamous SIN scam to email money transfer fraud, this article details some of the most ubiquitous tricks criminals use to gain access to their targets’ accounts—and how to avoid them.
- You’ve filed your tax return, but you forgot something. Now what?
Just as you might inadvertently overcontribute to your TFSA or RRSP, you might also forget to claim a deduction or to report some of your income on your personal tax return. Luckily, the CRA has developed a process to help file an adjustment. Here’s how—and when—to do it.
- 3 current scams to keep …….