Tax

Business owner evades tax; fined $170,000 Fallback Image Decorative pattern

Tax News

Business owner evades tax; fined $170,000

An Ontario business owner has been convicted of tax evasion.

By Staff |August 16, 2012

1 min read

Prepare to sell your business Fallback Image Decorative pattern

Estate Planning

Prepare to sell your business

Focus on the value of your business (and the paperwork needed to sell it) from the get-go. Otherwise, you'll get caught off guard when a buyer enters the scene unexpectedly.

By Jeff Beer |August 14, 2012

3 min read

How to use testamentary trusts Fallback Image Decorative pattern

Estate Planning

How to use testamentary trusts

Splitting income inside a trust trims tax for your beneficiaries

August 13, 2012

2 min read

Why clients must pay back RRSP withdrawals Fallback Image Decorative pattern

Tax News

Why clients must pay back RRSP withdrawals

The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.

By Jamie Golombek |August 8, 2012

3 min read