New home savings account a “substantial” measure for new buyers
CIBC's Jamie Golombek breaks down how the new account will work
- By: Daniel Calabretta
- April 7, 2022 April 8, 2022
- 20:03
CIBC's Jamie Golombek breaks down how the new account will work
Profits on sale of residential property held for less than 12 months would be taxed as business income
The government plans to consult on how to allow "genuine" intergenerational share transfers
The measure would target those among the top 0.5% not paying their "fair share" of taxes
Advisors need to consider several aspects, such as life expectancy and whether the client will spend or invest CPP and OAS
Targeting REITs and other large owners of residential real estate such as lifecos and pension plans might disincentivize investment, one expert says
The budget is expected to include new social programs promised as part of the Liberals' agreement with the NDP
New tax on the ultra wealthy would include ``unrealized gains''
CRA outlined credits, rebates and reporting requirements
The province's economy has posted a ``remarkable'' recovery from the pandemic, says Finance Minister Eric Girard
Here’s the status of proposals that matter to your clients
Despite inflation, the prescribed rate on loans to family members remains set at 1%
A lack of understanding about spousal RRSP limits was no excuse
Make sure clients don’t run afoul of the attribution rules
Feds release draft legislation on luxury vehicle tax, which targets pricey planes, boats and automobiles, for consultation
Latest TFSA data shows that unused room exceeds the tax-free account’s fair market value for most accountholders
With the government busy implementing previously announced measures, major initiatives are unlikely to be included
Revised allocation to redeemers formula was proposed in draft legislation released earlier this month
A study found that tax obligations and student loans drove a rise in unsecured debt
The Canada Revenue Agency highlights new or adjusted credits and deductions
Draft legislation also seeks to implement a raft of proposals from Budget 2021
Now is the time to review plans jolted by the pandemic
After starting a side business selling insurance, an advisor went too far in claiming expenses
The tax is part of the federal government's plan to crack down on rising home prices
Help business-owner clients manage foreign dividend investments