What are the U.S. income tax implications if a Canadian-resident parent or grandparent is considered a U.S. person and sets money aside in an RESP?
The short answer is possibly yes.
New federal trust rules come into effect in January 2016
Clients are beginning to receive their T4s, T5s, T3s and RRSP contribution slips in the mail, so tax filing will soon be top of mind.
Big changes to CRA’s rules for testamentary trusts take effect in 2016.
Advisors frequently ask about the pension income tax credit and whether clients qualify
As superhero movies take over the box office, clients can do their part to help humanity by using the new First-Time Donor’s Super Credit (FDSC). How the tax code treats donations
When clients divorce or separate, they often transfer assets to their former spouses.
When clients separate or divorce, they may not think about taxes when dividing property.
The capital gains exemption is one of the most valuable tax incentives provided to shareholders of private corporations in Canada