Tax

Cope with inter-jurisdictional tax problems

Many immigrant clients incur penalties for accidentally disobeying tax laws. When that happens, they may blame you, so learn the common errors.

By Melissa Shin |September 5, 2012

2 min read

Market Insights

Reel in education grants

Many people move to give their children access to better education. Yet depending on when those children immigrate, they may not be able to take advantage of the Canada Education Savings Grant.

By Melissa Shin |September 5, 2012

3 min read

Industry

IRS issues guidelines for tax compliance

In late June, after the IRS announced it will be helping U.S. and dual citizens overseas, the U.S. tax agency suggested it would publish guidelines by September 1 for a new procedure meant to encourage those who haven’t been filing U.S. tax returns to get on the road to compliance. They're now available.

By Terry F. Ritchie |September 4, 2012

4 min read

Planning and Advice

CPP and life expectancy

Knowing the best time to apply for CPP depends on how long you think you'll be alive

By Maureen Glenn |September 4, 2012

2 min read

Back to school financial tips for students

Students are set to head off to college and university with many valuables, but are they prepared for the financial risks? Read: Teens need money smarts Breaking and entering, as well as theft of valuables up to $5,000, accounted for 60% of police-reported property crime in 2011, finds Statistics Canada. The most common stolen items […]

By Suzanne Sharma |September 4, 2012

2 min read

Want to beat the OAS clawback? Move south

Do you have a Canadian client who is planning to move south of the border? Then here’s some good news. He can apply for OAS in the U.S. and won’t be subject to the standard clawback thanks to the Canada-U.S. Treaty. “Sometimes people don’t apply for [OAS] after they move to the U.S. because they […]

By Suzanne Sharma |September 1, 2012

2 min read

RESPs: Just the facts

Lifetime contribution amount: $50,000 for RESPs opened after 2007 Annual contribution limit: None Maximum age to open: None. However, Canadian Education Savings Grants are only available to children until December 31 of the year the child turns 17. Canada Learning Bonds are available to age 21. Read: Making cash gifts “resp”onsible Duration: until December 31 […]

By Staff |September 1, 2012

1 min read

Tax

Cope with inter-jurisdictional tax problems

Reel in education grants

IRS issues guidelines for tax compliance

CPP and life expectancy

Indirect taxes hurt client incomes

Back to school financial tips for students

Help your disabled clients

Want to beat the OAS clawback? Move south

RESPs: Just the facts

Common U.S. tax troubles