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Deducting home office expenses during the pandemic

The rules are restrictive and deductions require the employer’s support

Sidestepping superficial loss rules

The process of selling losing investments is fairly straightforward

man checking stocks on newspaper and tablet

Second-generation income and TOSI

Find out when your client’s investment income could be subject to the tax on split income


Tax changes looming for employees receiving stock options

Help clients navigate the new rules

Students at university campus

Help maximize RDSP carry forwards

Some features of the RDSP are worlds apart from its RESP cousin

Modern condo buildings with huge windows in Montreal, Canada.

Tax traps when converting a home to an income property

Implications for the principal residence exemption

Bakery owners

What TOSI means for succession planning

Find out how income sprinkling measures apply to inherited property

The benefits of family trusts

These structures can achieve estate planning objectives, not just tax ones

T1135 reporting and joint tenancy: what to do

Owning property jointly with a family member can mean the attribution rules apply

Understanding the new T1135

Updated for 2017

Be careful with RESPs for U.S. persons

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?

Are commissions taxable on personal policies?

The short answer is possibly yes.

Make sure clients understand Graduated Rate Estates

New federal trust rules come into effect in January 2016

6 tax filing tips for 2015

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.

Alternatives to testamentary trusts

Big changes to CRA’s rules for testamentary trusts take effect in 2016.

Understanding the pension income tax credit

Advisors frequently ask about the pension income tax credit and whether clients qualify

Donate for big tax savings

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).…

Minimize tax on marriage breakdown

When clients separate or divorce, they may not think about taxes when dividing property.

Claim the capital gains exemption

The capital gains exemption is one of the most valuable tax incentives provided to shareholders of private corporations in Canada

Tax savings tips for students

Tuition fees for undergraduate programs continue to rise in Canada

U.S. transplants face harsh FBAR penalties

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…

Capitalizing on corporate mutual funds

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…

HRTC deadline looming

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…

Protecting RRSPs from creditors

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…