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
Tuition fees for undergraduate programs continue to rise in Canada
In recent years, the Internal Revenue Service (IRS) has increased its focus on reporting of foreign financial accounts by U.S. persons. This is evidenced by the renewed IRS emphasis on receiving the Form TD F 90-22.1 Report of Foreign Bank and Financial Accounts, (also known as FBAR reporting).
The process of selling losing investments is fairly straightforward
Mutual Fund Corporations have been around for some time now but they really exploded on the scene about 15 years ago. Their popularity was sparked by astute advisors and clients looking for ways to reduce income taxes on investments. As a refresher, a mutual fund corporation is a single entity which establishes multiple share classes […]