
Help maximize RDSP carry forwards
Some features of the RDSP are worlds apart from its RESP cousin
Some features of the RDSP are worlds apart from its RESP cousin
Implications for the principal residence exemption
Find out how income sprinkling measures apply to inherited property
These structures can achieve estate planning objectives, not just tax ones
Owning property jointly with a family member can mean the attribution rules apply
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).…
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 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…
Since the introduction of the federal Home Renovation Tax Credit (HRTC) announced in the January 2009 federal budget, Canadians have been scurrying to renovate outdated…
Many people in the financial industry take the view that Registered Retirement Savings Plans (RRSPs) are inferior to registered pension plans (RPPs). The reason? Creditor…