Plus, tricky taxes for Emerge ETF investors  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Saturday, February 10, 2024

 
 

In this week's edition

Claiming home office expenses

Bonds in retirement portfolios

Advising Muslim clients

Unique tax challenge with Emerge ETFs

Former PI executive fined $2.5 million

Employees working from home by choice can claim expenses

Clients who continued to work from home voluntarily last year will be able to claim home office expenses again for 2023. However, the process will be more complicated this time around. The CRA clarified its approach to working from home in 2023, which involves an updated Form T2200 that employers will need to sign as part of the “detailed method” for claiming expenses. The temporary “flat rate” method, which allowed Canadians working from home due to Covid to claim up to $400 in employment expenses in 2020 and up to $500 in 2021 and 2022, is not available for 2023. Rudy Mezzetta reports.

Understanding the role of bonds in retirement portfolios

Conventional wisdom and popular personal financial advice suggest that asset allocation should shift toward bonds as investors move toward retirement. Is that still true with retirements often lasting for 30 years or longer? Columnist Ben Felix digs into the research.

What to know when advising Muslim clients

Despite efforts in the last few years by some financial institutions to increase product availability for Canadian Muslims, these clients still face a lack of investment options and expertise. Jonathan Got reports on the challenges of building halal portfolios.

The Magic Number
$447M
That’s how much flowed out of crypto ETFs listed in Canada last month after the SEC approved the first U.S. spot bitcoin ETFs.

Receivable owing on Emerge ETFs creates unique tax challenge

Just when investors who spent much of last year trapped in Emerge ETFs under cease-trade orders thought their ordeal was over, tax season has arrived. Emerge Canada is unable to pay its outstanding receivables on five Emerge ARK ETFs, making investors in those funds unsecured creditors. As Melissa Shin reports, that means taking extra care when filing taxes.

Former PI exec fined, banned in Ng fraud

Finally, the former brokerage executive who helped Gary Ng deceive lenders into providing him with tens of millions of dollars in financing has been fined $2.5 million and banned from the industry.

Melissa Shin
EDITORIAL DIRECTOR
Melissa has been with Advisor.ca since 2011 and leads Newcom Media Inc.’s group of financial publications.

 

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