Tax

Dividends still best for business owner

In 2013, it was generally more tax-efficient to earn business income as non-eligible corporate dividends everywhere but Quebec and P.E.I. After the proposed changes, however, it will be more tax-efficient to earn business income as regular income in six out of 10 Canadian provinces.

By Dean DiSpalatro |October 1, 2013

4 min read

Tax News

CRA raises prescribed interest rate to 2%

The CRA has announced its prescribed annual interest rates for Q4.

By Staff |September 23, 2013

2 min read

Planning and Advice

Show business-owning clients your value

Business owners face unique financial and tax challenges.

By Staff |September 20, 2013

1 min read

Industry

Beanie Babies creator charged with $3.1M in tax evasion

H. Ty Warner, the creator of Beanie Babies toys, has been charged with federal tax evasion for allegedly failing to report income he earned in a secret offshore financial account, says the U.S. Department of Justice.

By Staff |September 20, 2013

2 min read

FATCA causes global banks to shun U.S. customers

There’s one thing the U.S. might’ve overlooked when it introduced the Foreign Account Tax Compliance Act (FATCA) — that global banks may not want to deal with it. As a result of the new tax law, which requires businesses to report all assets held by Americans, banks worldwide are turning away their American customers, reports […]

September 17, 2013

1 min read

Getting tax back with ETFs

My colleague is always on the lookout for deals and bargains. Growing up in Saint Petersburg during a transitioning Russian economy made everyone resourceful. She and her family have used coupons to clean out stores, with the clerk paying her at checkout! She applies the same frugal approach to constructing core-and-satellite structures for taxable portfolios, and saves money by systematically harvesting tax losses using ETFs.

By Mark Yamada |September 13, 2013

3 min read

Tax

Dividends still best for business owner

CRA raises prescribed interest rate to 2%

Show business-owning clients your value

Beanie Babies creator charged with $3.1M in tax evasion

Ohio woman jailed for tax return fraud

FATCA causes global banks to shun U.S. customers

What to do when a taxpayer dies

Problems with pension splitting

5 common tax mistakes

Getting tax back with ETFs