Paul Delean
The Montreal Gazette
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Past articles by Paul:
Paul Delean: Pensioner, 98, 'a bit shocked' by drop in GIS payment
Plus: A reader wonders if now is the right time to sell a money-losing mutual fund. → Read More
Delean: An inherited multiplex raises complex questions
And a reader wants to know: Can the GST credit be used to pay down income-tax debt? → Read More
Delean: Explaining the Tax-Free First Home Savings Account
Plus: How long should you keep tax records for deceased people? And when is Revenu Québec going to process my tax return? → Read More
Paul Delean: Last-minute tax questions on filing deadline day
Another tax season in Quebec and the rest of Canada draws to a close on May 2. → Read More
Paul Delean: Complex multiplex tax effects
If a residential multiplex has seen units change hands over the years, it may be time to talk to a professional to sort out the tax implications. → Read More
Delean: How are employment insurance benefits calculated?
Canada's EI program has undergone several adjustments during the pandemic. → Read More
Delean: You can stay a Canadian resident even if you're stuck outside Canada
If you've continued submitting federal and provincial income tax returns during your time away, that supports your claim to residency if it's ever challenged. → Read More
Delean: What changes, what doesn't, under RAMQ
No, the cutting of a tree because of the emerald ash borer is not eligible for a credit on your Quebec tax return. → Read More
Delean: Don't name a non-resident as liquidator of your estate
"It is generally better to avoid naming a non-resident as liquidator," says François Bernier, director of tax and estate planning for Sun Life Global Investments in Montreal. → Read More
Delean: There are rarely simple answers when it comes to retirement
Other reader questions involved spouses' merged investments and clawback rules for the Canada Recovery Benefit. → Read More
Delean: Readers ask about claiming home office expenses, and more
Other questions involve claiming medical expenses and the tax implications of the cheque sent Ottawa sent to older seniors last month. → Read More
Delean: Find private buyer for used car and still get trade-in tax break
An accommodation sale through your dealer would allow proceeds from a private transaction to be deducted from the price of your new vehicle. → Read More
Delean: Rules for principal-residence exemption change if you leave Canada
Federal tax rules allow some breathing room for the exemption when a homeowner is transitioning between properties in Canada. → Read More
Delean: Monetary gift to grandchildren could carry tax implications
If the grandchildren are minors, you could consider setting up a trust to hold and invest the funds until they reach age 18 or older. → Read More
Paul Delean: Living with other people can lead to tax complications
The principal-residence exemption can apply to a home you own or co-own that's occupied by another family member, but parents aren't on the list. → Read More
Delean: The math can be tricky for principal residence tax exemption
A parent and son are buying a duplex together, with the son living on the ground floor and the second floor rented. → Read More
Paul Delean: Filing your taxes late could induce unpleasant penalties
Other tax topics discussed involve home ownership and rental property, and eligibility to receive the Solidarity Tax Credit. → Read More
Delean: If you trade homes with a relative, gifting may be better than selling
With real estate prices going through the roof, people are looking at different options for trading spaces. → Read More
Paul Delean: Unravelling one of the mysteries of the Quebec Pension Plan
Other questions tackled this week include which tax forms to fill out after selling your residence and transferring funds from a LIRA to a RRIF. → Read More
Paul Delean: Multiple income sources can complicate tax picture
Government's $38,000 clawback threshold for CRB repayment refers to net income and can be offset by RRSP contributions. → Read More