Tax: Top Story

Capitalizing on Corporate Mutual Funds

How careful are you, as an advisor, in ensuring the business expenses you claim each year at tax time are appropriate, reasonable and properly documented?

Selling business shares

Almost every succession plan for business owners involves the disposition of corporate shares. It might happen as part of an estate freeze, other reorganization or an outright sale to the next generation.

Spousal loan pitfalls

Much has been written about the opportunity for family tax savings that can be achieved by shifting investments from a high taxpayer spouse (“spouse” also refers to a common-law partner) to a lower taxpayer spouse.

Withdrawal strategies

Here is a situation that could be described as a financial advisor’s dream. An advisor has been referred a well-to-do retired couple who are seeking a second opinion on their finances. Their main goal, naturally, is to generate enough income to keep them in the style to which they have become accustomed.

Credit Suisse's German branches searched in tax probe

All 13 branches of Swiss bank Credit Suisse AG in Germany were searched Wednesday in an investigation of suspected tax evasion, prosecutors said.

Selling small business shares

Almost every succession plan for business owners involves the disposition of corporate shares. It might happen as part of an estate freeze, other reorganization or an outright sale to the next generation.

Reporting confidential tax deals

There was no mention of it in the Federal Budget Speech, but there is a very important proposal in the Budget Plan that could have serious implications for wealth advisors, particularly those involved in sophisticated tax planning.

Dealing with RRSP, RRIF losses

In Canada, when an individual dies, he or she is deemed to have sold their assets just before death – a sale that generally results in tax payable by the deceased’s estate.

Selling small business shares

Almost every succession plan for business owners involves the disposition of corporate shares. It might happen as part of an estate freeze, other reorganization or an outright sale to the next generation.