Life Money
Corrections
When a guide is wrong we fix it and record it here. How we check our work is in the editorial policy. Spotted an error? Email hello@lifemoney.ca.
· Ontario probate calculations and estate-return deadlines (31 guides)
Corrected obsolete charges on the first $50,000 of Ontario estates and the examples, comparisons and listings that depended on them. That first tier has been exempt for estate certificates applied for from January 1, 2020. The general Estate Information Return deadline is 180 calendar days after the certificate is issued, not 90. Removed unsupported distribution comparisons. The Nova Scotia versus Ontario $700,000 comparison now uses the statutory schedules: $11,172.65 versus $9,750, a $1,422.65 difference; the unsupported $12,000 headline was withdrawn. This correction does not certify unrelated income-tax estimates in the catalogue.
Source: Ontario Estate Administration Tax and filing guidance
· Capital gains and estate-planning catalogue (174 articles)
Expanded the September 21 correction across the affected catalogue. Guides had described the cancelled two-thirds proposal and $250,000 threshold as current law. The general capital gains inclusion rate is one-half under Income Tax Act section 38, subject to statutory exceptions. Corrected the affected wording, worked examples, headlines, FAQs and article listings, and removed unsupported savings claims where a reliable figure could not be calculated. Historical comparisons are labelled as historical. Related inheritance planning pages now use the same current rule.
· Capital Gains Tax in Canada 2026
The guide incorrectly presented the cancelled two-thirds inclusion proposal and $250,000 threshold as current law. Corrected the general inclusion rate to 50%, recalculated the examples, distinguished taxable gains from tax payable, and replaced unsupported planning claims. The article, search description and answers now link to the legislation and official cancellation announcement.
Corrected a table using an outdated CPP amount and a mistaken claim that early or late CPP adjustments transfer proportionately to survivor pensions. Service Canada calculates the deceased contributor’s pension as if they were 65. Also clarified working contributions, cancellation, calculation assumptions and the distinction between examples and personal entitlements.
· Investment account types in Canada
The TFSA and RRSP worked examples both started from $50,000 but compared after-tax money with pre-tax money, which made the RRSP look strictly worse. The examples now use the same pre-tax income and explain that at equal tax rates in and out the two accounts leave you with the same after-tax amount; the RRSP comes out ahead only when your withdrawal rate is lower than your contribution rate. Thanks to the reader who wrote in.
Articles previously carried individual bylines with professional designations. All guides now carry a single Life Money Editorial Team byline with no individual credentials, and the About page describes the editorial process instead of listing named writers.
Guides stated that the one-week EI waiting period applies in 2026. The waiting period is waived through October 10, 2026. Corrected across every affected article.
Removed trust counters ("since 2010", "10,000 families", assets figures) that could not be substantiated. The page now shows only claims we can stand behind.