Tax credit

Planning and Advice

Help business owners find funding

Online portals can expedite the search and assist with applications.

By Teri Kirk |September 18, 2012

3 min read

Tax News

Canadians want tax reform: CGA-Canada

A majority of Canadians want a simpler tax system.

By Staff |September 10, 2012

1 min read

Estate Planning

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

Estate Planning

Will Canadian residents owe more to IRS?

U.S. taxes are set to go up next year—and may become even higher than ours.

By Staff |August 17, 2012

2 min read

Moving in together? Think tax benefits

For couples, living together can affect taxes. Tax laws in Canada are the same for common-law partners as they are for married couples, says Hélène Marquis, Regional Director of World Advisory Services at CIBC.

1 min read

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.

3 min read

Stake a claim

Every year, the federal government awards approximately $4 billion to Canadian companies making Scientific Research & Experimental Development(SR&ED) claims. However, the SR&ED program can be complicated and confusing.

5 min read