News and resources for Canada's top financial advisors
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Your Business
Calculate the corporate income out of which the dividend was paid. This is achieved by grossing up the actual amount of the dividend received by the shareholder. The gross-up percentage depends on the rate of tax paid by the company. Shareholders are taxed on the grossed-up amount. This is their notional share of the company’s […]
By André Fok Kam |December 1, 2011
24 min read
Tax News
The U.S. government may plan to beef up border security, but capital knows no bounds--especially when Uncle Sam thinks he deserves a cut of your client's wealth. Here's help in reducing the tax bill.
By Staff |October 11, 2011
2 min read
Can’t write off expenses related to exploring pre-business activity
October 1, 2011
3 min read
Economic Indicators
One in four financial institutions are unaware of impending U.S. tax legislation which will have global reach, according to a report by RBC Dexia Investor Services. Despite the fact that the U.S.’s Foreign Account Tax Compliance Act (FATCA) was passed in 2010, 26% of financial institutions worldwide have little or no awareness of the legislation. […]
By Staff |September 26, 2011
Donating frequent flyer miles can have unintended tax consequences.
September 1, 2011
Life
Wealth brings its own set of problems, among them large tax bills and uncertain wealth transfer upon death. Even if your wealthy clients don’t like to talk about dying, you can reframe the conversation to be about legacy.
Planning and Advice
Given the number of Canadians who vacation in the U.S. each year, as well as those who move between borders for employment or other reasons, it’s important for financial advisors to be aware of the regulatory and income tax issues faced by clients who regularly spend time south of the border.
By Terry Ritchie |September 1, 2011
20 min read
Industry
Set it up and leave it alone?
By Melissa Shin |July 5, 2011
9 min read
If you work with dual citizens of Canada and the United States, it’s important to be aware of the unique financial, tax and estate planning issues these clients face. Given the recent tax changes in the United States, these clients and their advisors will need to be ahead of the curve.
By Terry F. Ritchie |April 1, 2011
6 min read
Financial planning is a knotty exercise at the best of times. Imagine then the complexity of it when it must be done around assets, owners and interests that straddle borders. Now more than ever, individuals and their families are moving back and forth between Canada and the U.S. for personal and professional reasons. This creates […]
By Vikram Barhat |November 10, 2010
5 min read
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