Income tax

Charitable tax credits flexible after death

The income tax act provides that a charitable gift gives rise to a donation tax credit in the calendar year in which the gift was made. And, to the extent the donation tax credit is not claimed in that year, it may be carried forward and claimed in any of the donor’s five succeeding taxation years.

By Barry Corbin |April 1, 2012

3 min read

Tax News

When tax is a piece of cake

As I completed my tax return last month, I found myself amazed at how much the preparation and filing processes have changed since I first became a filer.

April 1, 2012

3 min read

Market Insights

Deception of a different kind

When companies use accounting to make profits look bad

April 1, 2012

5 min read

Industry

Time to talk tax

With several weeks left before the April 30 filing deadline, it might be a good time to call your clients in to discuss tax planning.

By Staff |March 12, 2012

3 min read

Contentious clawbacks

From time to time, the issue of the dreaded clawback of the Guaranteed Income Supplement (GIS) or Old Age Security (OAS) benefits rears its ugly head in Tax Court when an irate—and often confused—taxpayer challenges the government’s decision to suddenly reduce his or her government benefits based on a one-time unusual income event the prior year.

3 min read

Clients selling their companies?

Retirement compensation arrangement could provide flexible pension plan. Eighty percent of small business owners will either sell or pass on their businesses to heirs over the next 10 to 15 years.

3 min read

Income tax

Charitable tax credits flexible after death

When tax is a piece of cake

Deception of a different kind

Time to talk tax

Help clients save with tax tips

Snowbirding in the U.S.

Contentious clawbacks

The true cost of debt

Beware of tax protester schemes

Clients selling their companies?