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Share a joint account with a parent? This new tax rule could apply to you

Family

If you share a bank account with a parent or relative, you may have to file a T3 return this tax season. That's because a joint account may be considered a "bare trust." According to new CRA trust reporting rules, these trusts are now required to file a return. Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to provide more clarity on this issue....

Does the 50/30/20 rule still work?

It can be a helpful guideline for allocating your after-tax income. But in recent years inflation has jacked-up the cost of living. We asked TD's Nicole Ewing if this rule is still relevant....