Tax

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Estate Planning

Up to speed: An overview of tax changes in 2008

charitable donations; alimony payments; Need a little tax tutorial before plunging into another RRSP season? Bring yourself up to speed on this year’s tax changes with this succinct overview. 2008 tax brackets and personal tax credits 2008 saw a continuation of full inflation indexing of the federal tax brackets. The updated brackets are as follows: […]

November 21, 2008

5 min read

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Tax update: Market mayhem, loss planning and other opportunities

From a tax planning point of view, there has been an extraordinary amount of change introduced and implemented that will affect client assets. Markets, too, are wreaking havoc on portfolios — havoc that needs to be managed and accounted for, in some cases before December 31. There are tax break “gifts” you could manage for […]

By Kate McCaffery |November 20, 2008

6 min read

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Minimize RRSP tax with proper planning

When RRSPs were introduced in 1957, no one expected to see Canada’s investing landscape become as diverse as it has. With T-Series funds, corporate class options and now the tax-free savings account —not to mention all the various tax strategies that have come into play over the last 50 years —helping a client ease into […]

By Bryan Borzykowski |November 19, 2008

6 min read

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Estate Planning

More tax planning reading, resources and tools

Over the course of the year, the staff at Advisor.ca has written a plethora of articles about pressing tax issues. Don’t worry if you’ve missed some of these gems — we’ve made sure to highlight a few of the more noteworthy pieces that have appeared online in 2008. Protecting RRSPs from creditors New bankruptcy legislation […]

By Staff |November 3, 2008

2 min read

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Tax-loss selling might ease your clients’ pain

It’s not easy to find a silver lining in this economic downturn, but tax-savvy advisors don’t need to look too hard to uncover a saving grace: tax-loss selling. This year — maybe more than any other — tax-loss planning will be a vital area in which advisors can add value, though stocks have to be […]

By Bryan Borzykowski and Mark Noble |November 3, 2008

4 min read

Decorative pattern

Estate Planning

Tax-loss selling might ease your clients’ pain

It’s not easy to find a silver lining in this economic downturn, but tax-savvy advisors don’t need to look too hard to uncover a saving grace: tax-loss selling. This year — maybe more than any other — tax-loss planning will be a vital area in which advisors can add value, though stocks have to be […]

By Bryan Borzykowski and Mark Noble |November 3, 2008

4 min read

Decorative pattern

Capital losses top year-end tax planning priorities

Maybe more than in any other year, this tax season, tax loss planning will be a vital area where advisors can add value. In order to take advantage of capital losses this year, securities must be sold by December 24, which means advisors have to start strategizing now if their clients should be selling stock […]

By Mark Noble |October 23, 2008

4 min read

Decorative pattern

Estate Planning

Legally speaking: Botched beneficiary designations

Frequently when I review an insurance agent’s or investment advisor’s files I am surprised to see that a simple estate planning step has gone awry. In an RRSP or RIF there should always be a beneficiary designation. In life insurance especially, failing to have a designated beneficiary simply makes no sense. Given the role both […]

By Harold Geller |October 23, 2008

4 min read

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Companies jockey for position on TFSA

Although never really in doubt, a new Conservative federal government ensures the tax-free savings account will be available January 1, 2009. The past two months have seen a deluge of financial institutions offering special registered TFSA accounts ready for action come January 1, 2009. With a contribution limit of $5,000 a year, it will be […]

By Mark Noble |October 21, 2008

1 min read

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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 protection. Members of RPPs have historically been able to sleep a little better at night, knowing their retirement plans cannot be seized by any personal creditors they may have, unless […]

By Frank Di Pietro |October 17, 2008

4 min read

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