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Latest news in Tax and estate planning

8 ways to lower taxes

8 ways to help lower clients’ taxes (and boost their retirement savings)

Reducing taxes can go a long way in helping your clients save for retirement.

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When estate settlement costs your clients more than money

See how an estate plan — including some key financial products — can help reduce the emotional and financial costs of settling an estate.

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Clients with foreign property? What you need to know

Is foreign property still as financially attractive as it was in the past? Read about the current trends and implications of owning U.S. property.

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RRSPS can be taxed at death—but they don’t have to be

When someone dies, all or a large part of their registered plans could be taxed at the maximum marginal rate. Here are 4 ways you…

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6 documents to help clients be prepared – for life

According to Scouts Canada, the motto “be prepared” means that a scout must prepare by thinking about and practising how to act in any accident…

Probate fee minimization: Important facts, tips and traps — part 3

How trusts can help — and hinder — clients’ plans to minimize probate fees.

Probate fee minimization: Important facts, tips and traps – part 2

Gifting property can help clients minimize probate fees – but caution is key.

Probate fee minimization: Important facts, tips and traps – part 1

Do you have clients asking about ways to minimize probate fees? There’s a lot to know, starting with the basics.

How an irrevocable life insurance trust can help with U.S. estate tax

Creating and administering an irrevocable life insurance trust is complicated. But for U.S. citizens who live in Canada, the potential tax benefits can be well…

2 lesser-known options to manage financial inheritances

Stuart Dollar, Director, Tax and Insurance Planning at Sun Life Financial looks at 2 lesser-known solutions for managing a financial inheritance.

Old U.S. tax raises new concerns

Find out if your clients are affected by the 1% U.S. premium excise tax. It’s been largely ignored for many years, but could see greater…

Charitable donations: Structuring gifts with passive retirement income

Uncover 3 solutions to help clients structure a charitable donation and get the passive income they need in retirement.

The capital dividend account: essential for business clients

The capital dividend account allows for tax-free dividend payments from a private corporation to an individual.

Personal debt is threatening retirement plans

Consumer debt in Canada stands at $574 billion, and debt reduction remains Canadians’ top financial priority. The trouble is, when you have debt, saving for…

Beware of U.S. tax traps – especially when your clients are U.S. citizens

If you have clients planning to leave gifts or assets to heirs in the U.S., help prevent them and their heirs from getting snared in…

Canadians with U.S. retirement plans: Minding that money when they come home

It’s not uncommon for Canadians living or working in the U.S. to own U.S.-based individual retirement accounts (IRAs) or qualified retirement plans such as 401(k)…

Canadians with U.S. retirement plans: Things to consider before coming home

Need-to-know information for Canadians with IRAs and 401(k) plans.

Charitable donations: What you need to know in 2016

Do you have clients looking to donate to a favourite charity, for the first time or through their legacy? Either way, there are considerable tax…

Testamentary trusts: New rules limit access to graduated income tax rates

How will new tax rules affect your clients?

Inter vivos trust planning: the impact on estate plans

What happens when an attorney sets up an inter vivos trust for a donor under a power of attorney? Follow Frank’s situation to see how…

Will Canada’s participation in a global tax initiative affect your clients?

What an international effort may mean for some Canadians.

Life insurance transfers and taxes – part 2

When an insurance policy owned by a corporation changes hands, what are the tax implications?

Life insurance transfers and taxes – part 1

What clients should know before they transfer ownership of a life insurance policy.

Explaining the new estate information return – who’s accountable? What’s required?

A new process has been added to the Ontario Estate Administration Tax Act. Find out what this means for trustees, practitioners and clients, and who…

Will power: The comfort and clout of an up-to-date will

A sound estate plan almost always involves a will. Do your clients have one? Do they keep it current?