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Top Stories in Tax

Make sure clients declare all income

Clients must report everything to CRA — even if it seems immaterial

E-mail fraud causes tax trouble

One lawyer’s dismal drama leads to unexpected payments to CRA

New U.S. tax rule fuels frustration

Canadian financial institutions: comply with new U.S. tax rules or face the consequences.

As farmland prices rise, so do number of pre-nups

Prices for farmland are rising dramatically in the UK, and so are the number of farmers asking their spouses to sign pre- and post-nuptial agreements,…

  • By: Staff
  • June 5, 2012 August 21, 2018
  • 06:00

How sales charges impact registered accounts

What’s the tax impact of DSC fees? The charges may apply to both registered and non-registered investments, but if clients want to withdraw from RRSPs,…

How to destroy an inheritance

There are two certainties in life – death and taxes

Lunchtime Takeaway: Tax tips for students

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

  • By: Staff
  • May 29, 2012 June 16, 2018
  • 11:30

5 reasons trusts work for incapacity planning

A trust is a legal relationship in which a person (the settlor) transfers property to another person (the trustee)

Lunchtime Takeaway: CPP and wealthy clients

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

  • By: Staff
  • May 22, 2012 June 16, 2018
  • 11:30

Executor duties burdensome

The majority of Canadians appoint family over friends as the executor of their will, according to a BMO Financial Group study.

  • By: Staff
  • May 22, 2012 August 21, 2018
  • 06:00

Pay for the funeral, in advance

When completing insurance applications for clients, it’s often necessary to address touchy subjects—sometimes hitting on potentially embarrassing issues such as clients’ spending habits, their medical…

How to define an estate

It's difficult to distinguish an estate from other trusts

Shield your clients’ estates

If a client asks you to ensure his laundry, dirty or clean, isn’t aired after he dies, follow this simple rule: keep the will out…

Inform clients of eligible moving expense deductions

Tax savings could help offset the rising cost of relocation

Small business owners get relief from EI premium rates

The reduction will partly offset increases to CPP premiums next year

  • By: Staff
  • September 14, 2018 September 14, 2018
  • 11:58

Tax tips for non-compliant cross-border clients

Why timeliness in tax reporting should be top of mind

How spousal rights can affect your client’s estate

What you need to know

CFIB asks feds to grandfather pre-2019 passive income

The fight over private corporation tax changes spills into Budget 2019

  • By: Staff
  • August 8, 2018 September 10, 2018
  • 00:00

Why couples need a financial plan for a trial separation

Tips for managing expenses, mortgages and shared accounts