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Finance gives ETFs a year’s reprieve on controversial tax proposal

Draft legislation concerning the “allocation to redeemers” methodology extends the capital gains-related timeline for ETFs

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Hanging on to HNW assets

A large proportion of wealth managers regard intergenerational wealth transfer as an opportunity to win clients

  • By: Staff
  • August 22, 2019 August 22, 2019
  • 15:07

Can your client disinherit a child?

A court decision in Nova Scotia has implications for estate planning

Luthier in workshop

Avoiding TOSI by meeting the excluded shares exemption

CRA provides examples of how the gross business income test is applied

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Breaking down the government’s proposed IPP changes

How Finance’s draft legislation could impact clients

Interior view of the Canada Commons of Parliament, Ottawa

Feds’ stock option changes should include income test: C.D. Howe

The rules should go further to ensure wealthy Canadians don't benefit, a report says

  • By: Staff
  • August 2, 2019 August 2, 2019
  • 12:29
Parliament buildings at sunset

IFIC calls for end to federal sales tax on mutual funds in RRSPs

The recommendation was part of the organization’s pre-budget submission

  • By: Staff
  • August 1, 2019 August 1, 2019
  • 17:33
intergenerational wealth planning

Family conflict, estate planning and the value of advice

Advisors’ influence on family unity is growing

Parliament Hill building closeup in Ottawa, Canada

Feds consulting on annuities, tax changes affecting funds

The Liberals introduced draft legislative proposals on several measures from the 2019 budget

  • By: Staff
  • July 30, 2019 July 30, 2019
  • 15:55

MFDA bans former advisor who acted as executor for clients

The former rep was also a beneficiary of a client's estate and accepted her Air Miles

  • By: Staff
  • July 24, 2019 July 24, 2019
  • 12:18
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Federal Court dismisses FATCA charter challenge

The judge said the affected people have only a limited expectation of privacy in their banking information

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Selling real estate? The CRA is watching

What clients need to know about reporting transactions

Canadian tax form. Personal income tax form used in Canada.

CRA updates tax folios, provides guidance on caregiver credits

One document addresses the tax on split income

BMO Nesbitt Burns cites feds’ proposed tax changes as it closes funds

New rules would prevent funds from using derivative transactions to convert ordinary income into capital gains

CRA announces prescribed interest rates for third quarter

The rate increased for corporate taxpayers’ pertinent loans or indebtedness

  • By: Staff
  • June 27, 2019 June 27, 2019
  • 15:04

New Democrats pledge higher taxes on capital gains, corporations and the wealthy

A C.D. Howe report says a "wealth tax" may not be the best way to tackle inequality

How to handle rental properties in estates

Executors must balance responsibilities to tenants and beneficiaries

Eligible dividends and the OAS clawback

Interest income versus the dividend tax credit

Deciding if an IPP is right for your client

Consider these plan funding details for a hypothetical medco