Tax credit

Go ahead and tap that RRSP Fallback Image Decorative pattern

Tax News

Go ahead and tap that RRSP

Conventional wisdom says clients should contribute as much as possible to an RRSP and wait as long as possible to start taking withdrawals.

By Jason Heath |September 12, 2011

3 min read

Charity fraud concerns abound Fallback Image Decorative pattern

Industry

Charity fraud concerns abound

An Angus Reid survey commissioned by Capital One and CanadaHelps shows 65% of Canadians are worried about fraudulent charities, a 14% jump from the results of a 2009 survey. This skepticism, combined with the difficulty of recovering donations made to fraudulent charities, led 53% of respondents to say they are less likely to give to […]

By Dean DiSpalatro |February 25, 2011

3 min read

Clock is ticking on 2010 donations Fallback Image Decorative pattern

Tax News

Clock is ticking on 2010 donations

The federal Minister of National Revenue is reminding Canadians that they have until December 31, 2010 to make a charitable donation that will generate a tax receipt for 2010. “Donating to registered charities is truly a win-win situation. Donors receive tax relief and charities continue to carry out work in the community,” said Keith Ashfield. […]

By Staff |December 29, 2010

1 min read

Countdown is on for charitable gifts Fallback Image Decorative pattern

Industry

Countdown is on for charitable gifts

The countdown has begun. The CRA website is reminding taxpayers that ‘charitable donations must be made by December 31, 2010 in order to qualify for a tax credit in the 2010 tax year.’ For advisors this may be a good time to discuss charitable giving with their clients. “Every time there’s a tax situation, there’s […]

By Vikram Barhat |December 22, 2010

3 min read